Shipbuilders Lead Asian Market Decline

Friday, September 23, 2011

Seoul shares finished down 5.7 percent on Friday, their biggest daily percentage loss in five weeks, with foreign investors taking flight as concerns about global economic stagnation deepened, according to a report on Reuters. Hyundai Heavy Industries , the world's top shipyard, ended 8.1 percent lower and Daewoo Shipbuilding & Marine Engineering lost 10.5 percent.
 

Categories: Finance Shipbuilding

Related Stories

Samsung Heavy Industries Receives AIP Certificate for Floating Data Center from ABS

US Import Costs Rise in April, Fuel Sees Biggest Gain in Four Years

Wittlin Named CEO of GLO Marine

Current News

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

Samsung Heavy Industries Receives AIP Certificate for Floating Data Center from ABS

US Import Costs Rise in April, Fuel Sees Biggest Gain in Four Years

NexusWave Implemented on IEA Fishing Vessels

Subscribe for Maritime Logistics Professional E‑News