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Daewoo delivers big profit for second quarter

South Korea's Daewoo Shipbuilding & Marine Engineering achieved a big profit for the second quarter, a development driven in part by cost reduction measures and orders for offshore rigs.
Photo: Thorbjørn Hansen
Photo: Thorbjørn Hansen
by NIKLAS KRIGSLUND

Good times seem to be continuing for the South Korean shipbuilding sector, an industry that was struggling with massive deficits in 2016.

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