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Asian shipbuilders expect an unhappy 2016

Problems caused by plunging oil prices, China's slowing growth, order cancellations

Orders for offshore projects and new vessels are becoming hard to come by for shipbuilding companies such as Daewoo Shipbuilding & Marine Engineering and others.


FOR many Asian shipyards, 2015 was a brutal year. This year could be even worse.

With oil prices forecast to fall as low as US$15 a barrel and China's growth slowing, orders for offshore projects and new vessels are hard to come by for Hyundai Heavy Industries, Daewoo

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