DSME declares a state of crisis due to mounting pressure on business
By Our Correspondent South Korean Shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has declared a crisis due to deteriorating business conditions, according to FleetMon. It stated: “The company has stated that this decision was triggered by the debt to equity ratio going up to 547% due to several issues such as the cancellation of Russian […]
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