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N. Korea’s missile launch hits S. Korean shipbuilding industry

From Business Korea:

MSC expressed concerns over the contracts with Samsung Heavy and DSME after North Korea carried out its sixth nuclear test on September 3.

North Korea’s sixth nuclear test hit the domestic shipbuilding industry which has been struggling with the sluggish market. Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) was about to sign deals to build 11 ultra large container vessels (ULCVs) but Mediterranean Shipping Company (MSC), the world’s second largest shipping line, postponed the contract citing the North Korea risk.

More at Business Korea


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