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May 12, 2008
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- Shipbuilding Torpedoed by Subprime Causes Cost Surge
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- By Todd Zeranski
Bloomberg-
- The biggest shipbuilding boom in history collided with the
largest credit-market losses ever, undermining forecasts for a
plunge in freight rates.
- As much as $14 billion in ship orders is threatened by
cancellations and delays, equal to 94 percent of annual revenue at
Hyundai Heavy Industries Co., the largest shipbuilder
......
Read more on Bloomberg
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