Hyundai Heavy Industries is set to suspend operations at its offshore yard when it completes its final live contracts in the coming months.
The world’s largest shipbuilder says the offshore facility in Ulsan will finish up its final contracted business in July and August.
Kang Hwan-goo, president and chief executive of Hyundai Heavy Industries, says operations will be halted until fresh offshore orders are secured, according to Yonhap.
