Samsung Heavy Industries has started the new financial year with a loss as previous weak orders continue to weigh on the shipbuilder’s financial performance.
The shipbuilder posted a loss of KRW 103.9bn ($82.7m) for the January to March 2022 period, while sales fell 5.8% to KRW 1.48 trillion.
Samsung currently has the world’s largest newbuilding orderbook in compensated gross tonnage terms according to the latest data from Clarksons.
