Korean shipyards left struggling as deep-sea strategy backfires
Vessel makers may show billions of dollars in losses when they report earnings
Wed, Jul 29, 2015 - 5:50 AM
THE deep-ocean strategy is coming back to bite South Korean shipyards.
Hyundai Heavy Industries Co, Daewoo Shipbuilding & Marine Engineering Co and Samsung Heavy Industries Co - South Korea's Big Three shipbuilders - ventured into offshore oil rigs starting around 2010....