MNI: South Korea's biggest shipbuilder warns over....>

MNI: South Korea's biggest shipbuilder warns over US-China trade war (FT)

- One of the world's top shipbuilders is bracing for flat new order growth in

the industry in 2019, as rising uncertainty stemming from the US-China trade war

has caused major customers to hold back orders. The trade dispute, coupled with

a new suite of environmental regulations facing shipping companies, had damped

ship owners' investment appetite in the first six months of the year and

threatened to slow the recovery of an industry that has struggled for years with

overcapacity, Ka Sam-hyun, chief executive of Hyundai Heavy Industries told the

Financial Times in Seoul. "The first half of this year was a really difficult

period in terms of new order levels," Mr Ka said. "Most ship owners are

hesitating to make a decision."

- Link: https://tinyurl.com/yyhv2cbf