Photographer: SeongJoon Cho/Bloomberg

Blame It on Oil: 2016 Unhappy New Year for Asian Shipyards

By
Kyunghee Park
and
Jonathan Burgos
  • Customers cancel orders, push back delivery amid overcapacity
  • Pain in South Korea spreading to China, Japan and Singapore

For many Asian shipyards, 2015 was a brutal year. This year could be even worse.

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