Latest Act in the Crisis of the Enormous Korean Shipbuilders by MC01 • Jun 23, 2019 • 33 Comments And now not even their foreign subsidiaries are immune.
The Largest Ships in the Huge Iron-Ore Trade by MC01 • Jul 28, 2018 • 42 Comments Exports are dominated by two countries, imports by three. And everything revolves around China.
“Big Three” Korean Shipbuilders & Their Huge Shipyards in a World of Overcapacity and Collapsed Orders by MC01 • Jul 7, 2018 • 55 Comments Years of “growth at any cost” led to accounting fraud, huge government bailouts, and murky restructuring plans.
Shipbuilding in Japan, Korea, China Collapses in Death Spiral of Orders by Wolf Richter • Nov 24, 2016 • 54 Comments “Worse than the one following the Global Financial Crisis.”
Done in by Overcapacity, Stagnant World Trade, and China, Korean Shipbuilders Collapse on Top of Taxpayers by Wolf Richter • Nov 1, 2016 • 48 Comments Orders plunge 87% from an already terrible 2015.
Shipbuilding Industry Collapses, Hits China and South Korea by Wolf Richter • May 20, 2016 • 39 Comments Global overcapacity, plunging demand, and a price war.
