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S Korea's Big 3 shipbuilders in deep water with deep-sea oil rigs

They report far worse than expected combined Q2 operating loss of 4.8t won

Seoul

THE world's three biggest shipbuilders posted a combined 4.8 trillion won (S$5.6 billion) in operating losses in the second quarter, paying the price for a failed foray into deep-sea oil rigs.

Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co and

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