Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Daewoo, the world’s largest shipyard in terms of tonnage of ships on order as of May, had accumulated the losses from businesses such as construction of offshore plants and semisubmersible drilling rigs for the arctic, the Chosun Ilbo reported, citing an unnamed government source and an unnamed official in Korea Development Bank, the shipbuilder’s major shareholder.
A Daewoo spokesman said some losses were expected and the company was reviewing the matter, but the extent of the losses had not been determined and the company expected to file its findings when it announced quarterly earnings as late as early August.
($1 = 1,142.3400 won) (Reporting by Joyce Lee; Editing by Stephen Coates)
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