World's biggest yard shuts down offshore division for now
The shortage of orders for the offshore sector has now become so pronounced at the world's biggest shipbuilder, Hyundai Heavy Industries, that management has decided to shut down its offshore division. For the time being.
Several years of low oil prices are now starting to really impact the last link in the supply chain, namely the shipbuilders who have made a good living from building platforms and rigs for the offshore sector.
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