Daewoo Shipbuilding Expects 2012 Orders to Drop on Oversupply
Written by admin on December 25, 2011 – 11:59 am
Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, expects new orders to drop 23 percent next year as shipping lines struggle with an oversupply of vessels and falling rates. New contracts worth $11 billion may be signed in 2012, a decline from $14.3 billion of orders received this year, Seoul- based Daewoo Shipbuilding [...]
