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

Green Hydrogen Project at Port of Klaipėda Enters Testing Phase

ONE Posts $88M Loss - Newbuild Deliveries Pressure Rates; Fleet Continues to Grow

Methanol-Fueled CMA CGM Monte Cristo Delivered

Current News

NYK Invests in Oceanic Constellations Tech Startup

Tallink Shuttle to Run Entirely on Renewable Energy

Green Hydrogen Project at Port of Klaipėda Enters Testing Phase

Maersk’s 2025 Report: Some Records and Some Lay Offs

Subscribe for Maritime Logistics Professional E‑News