A report recommending huge capacity cuts at Korean shipbuilders ‘will do wonders’ for market balance, according to Arctic Securities.
Korean media this week cited the inside track on yet-to-be-published research from consultants McKinsey into solutions for the struggling domestic industry.
The report is believed to reject a merger between any of the big three – Hyundai Heavy Industries (HHI), DSME and Samsung Heavy Industries – but will back capacity cuts of up to 50%.
This
