Daewoo Shipbuilding & Marine Engineering (DSME) might have overachieved in newbuilding sales in 2021, but previous barren ordering levels continue to hurt the company.

The company has just reported a third-quarter loss of KRW 54.5bn ($46.2m), a significant increase on the KRW 29.2bn reported 12 months ago.

DSME said sales fell 33.4%