Posted inNortheast Asia, South Korea

Korea’s top ship-repair yard catches the breeze

Amid fierce competition for survival in a shipbuilding sector buffeted by both Chinese overcapacity and local restructuring storms, South Korea’s Samkang, the leading repair yard in the country, is eyeing opportunities beyond its core business. Samkang posted operating losses of 20.9 billion won (US$18 million) in 2017 and 35.3 billion won ($30 million) in 2018. […]