Hyundai Heavy's bottom line cut in half in Q2
Hyundai Heavy Industries defies the otherwise positive developments noted among South Korea's shipbuilders with a bottom line that plunged almost 50 percent in Q2. This setback is caused by a lack of orders for expensive newbuilds, says the company according to local news agency.
by DANIEL LOGAN
South Korean yard Hyundai Heavy Industries – one of the world's biggest three yards alongside South Korea's other two shipbuilders – saw its bottom line plunge in the second quarter after a half-year that has otherwise seen a surge in new orders compared to 2016.
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