Fx hedges split Korea’s shipbuilding big three profitability
The three major shipbuilders (HD Hyundai Heavy Industries, Hanwha Ocean, Samsung Heavy Industries) all posted double-digit operating margins in the second quarter. Profitability is seen to have improved as high-priced ships, such as liquefied natural gas (LNG) carriers booked several years ago in the mainline merchant ship business, began to be fully reflected in revenue. ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
