Media: Daewoo suffered bigger loss than officially reported

South Korean shipbuilder Daewoo suffered a bigger deficit in 2015 than the one included in the company's annual report, claims a member of parliament from an opposition party according to the country's Yonhap news agency.

by DANIEL LOGAN

Daewoo Shipbuilding & Marine Engineering (DSME) finished 2015 with an even bigger deficit than officially reported, says a a member of parliament for one of South Korea's opposition parties.

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Media: Daewoo suffered bigger loss than officially reported

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South Korea's top yards at 13-year order backlog low

Media: South Korean yards will take a hit in Q2

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Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

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Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs