Korean shipyard giant faces billion dollar losses
South Korean shipyard Daewoo is facing a giant loss in 2015, predict industry sources. According to media Yonhap, cancelled contracts have hit profits to the shipyard, which has the world's largest order book.
BY CHRISTIAN BARTELS
Shipyard giant Daewoo is facing a USD 4.4 billion operating loss for 2015, six billion more than previously thought, say industry analysts.
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