“Big Three” Korean Shipbuilders & Their Huge Shipyards in a World of Overcapacity and Collapsed Orders
Years of “growth at any cost” led to accounting fraud, huge government bailouts, and murky restructuring plans. By MC01, a frequent commenter on WOLF STREET: Worldwide orders for newly built commercial vessels peaked in 2007 at 85.3 million Compensated Gross Tonnage …