DASH TO OFFSHORE ENERGY IS A MARGIN CALL FOR SOUTH KOREAN PLATEMAKERS
May 9th, 2014
The reorientation of South Korea’s steel plate makers towards clients making marine installations for offshore oil and gas companies might guarantee future business, but there is a risk of falling margins, a report has warned.UK-based energy industry market researchers and consultants Douglas-Westwood has warned especially that such energy work can need eight to ten times less plate per USD of order value compared to conventional ships.The report highlights how the largest South Korean marine construction yards have focused on the offshore oil and gas industry ...
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