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Asian shipbuilders expect an unhappy 2016

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

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

Singapore

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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