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South Korean shipbuilders came in second worldwide in terms of new orders in the first quarter of the year, industry data showed Monday.
South Korean shipbuilding companies have been struggling to make interest payments on their outstanding debt since 2013 due to a years long recession in the global market, a central bank report showed Thursday.
M/MARITIME recently took delivery of MV ELECTRA.GR, the first of the three 37,000 dwt Handysize vessels, built at Saiki Heavy Industries of the Onomichi Dockyard in Japan.