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Media: South Korean yards will take a hit in Q2

Shipyards in South Korea face another gloomy result season, according to The Korea Herald, with profits set to decline at the country's three largest yards following the major restructuring in the industry.

Photo: Thorbjørn Hansen

Restructuring, lawsuits, and a lack of orders are all factors contributing to dire times for South Korea's major yards.

The Korea Herald writes Monday that the expectations are thus quite low for the results at the country's three largest yards; Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding and Marine Engineering (DSME).

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