Samsung Heavy Industries did not avoid the impact of the offshore crisis, but the shipbuilder was able to present a result for the fourth quarter 2015 of USD 25 million as well as a revenue of USD 2.67, reports Korean newspaper Korean Joongang Daily.
The development is positive considering the fact that Samsung Heavy Industries has specialized in supplying the offshore industry, which has notoriously stopped almost all investment activity after the oil price took a drastic dive.
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