Ailing shipyards, shippers to win massive public orders, fresh financing
IndustryOct 31, 2016
South Korea's government and public entities will place orders for more than 250 ships, worth about 11 trillion won ($9.59 billion), with domestic shipyards by 2020 as part of a plan to stimulate the ailing shipbuilding sector, its finance minister said Monday.The government's industrial restructuring measures, finalized at a meeting of economy-related ministers, also call for upgrading the competitiveness and profitability of the shipping industry as well as shipyards, as the two sectors have b