Higher steel prices and lower sales result in red figures at DSME
Declining sales and rising costs have converted the profitability at South Korean shipyard DSME into a billion-dollar loss, according to its interim report.
by DAG HOLMSTAD
At Daewoo Shipbuilding & Marine Enginering (DSME), the first half of the year has proven dismal due to rising costs and falling sales. This has led the major South Korean shipyard to bear a net loss of KRW 1.25 trillion (USD 1.1 billion), according to several media reporting on DSME's half-year results.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Northern Drilling cancels contract with DSME
For subscribers
