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Samsung Heavy Industries reduced losses in Q2

One of the three major South Korean shipbuilders, Samsung Heavy Industries (SHI), has been able to curb some of its losses. The shipyard thus lost less money in the second quarter this year than in the same period last year. But there is still a long road ahead.
Photo: Ritzau/AP/Wally Santana
Photo: Ritzau/AP/Wally Santana
BY NIKLAS KRIGSLUND

The South Korean shipping industry has fallen on hard times as the country's shipbuilders and container carriers are struggling with towering debts and deep-red numbers.

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