DSME slumps to first-half loss but takes in bumper new orders

South Korea’s Daewoo Shipbuilding & Marine Engineering made heavy losses in the first half of 2021, despite seeing an upswing in new orders during the six months.

DSME reported a net loss of KRW 1.3trn ($1.1bn) due to increased costs and allowances, as well as the low level of orders that were previously placed. It had made a KRW 294bn profit in the same period of 2020.