Hyundai Leads Korean Dual With China

dom
7th June 2006, 06:33
hyundai heavy industries,the worlds largest shipbuilder,will head so.korea's biggest shipping delegation to greece this week as the asian country vies with china for a slice of the $20 billion in new vessel orders that may be made this year.
16,000 people from 80 countries are attending the 5 day posidonia 2006 event in athens
competition between so. korea, the worlds biggest shipbuilder,and china is intensifying as tanker operaters from frontline ltd.the worlds biggest,to athens based dynacom tankers expand fleets to meet rising demands.
chinise yards are quoting $20 million less than korean yards for construction of the biggest v.l.c.c. that carry 2 million barrels on route at the moment from the middle east and west africa
profit rates have dropped from $ 83,931 a day to $47.483.