World’s Largest Shipbuilder Reports $3 Billion Loss As Baltic Dry Index Hits New Record-er Low

–  World’s Largest Shipbuilder Reports $3 Billion Loss As Baltic Dry Index Hits New Record-er Low (ZeroHedge, Feb 13, 2015):

“Some Shipping Folks Are Sinking…” South Korea’s Hyundai Heavy Industries, the world’s largest shipbuilder, has reported operating loss of KRW 3.25 trillion in 2014, or about USD $2.96 billion. The operating loss in 2014 is compared to a profit of KRW 802 billion in 2013. At 530, The Baltic Dry Index is at fresh record-erer lows…

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