ROVworld Subsea Information

Advertise on ROVworld.com!

General: Hyundai Merchant Expects Losses Until Mid-2018

Posted on 08.02.2017 - 08:08 UTC in GENERAL NEWS by DT_Amanda

Hyundai Merchant Marine CEO Yoo Chang-keun said Monday that the firm expects to post losses through the first half of next year due to poor market conditions. 

“This year will be the year to strengthen our financials,” Yoo told Bloomberg. “We are targeting to make an operating profit in the third quarter of next year. By early next year, we expect much of the overcapacity in the market will be resolved . . . We are cautiously expecting rates this year to recover." 


Read the full story: http://maritime-executive.com/article/hyundai-merchant-expects-losses-until-mid-2018
Share:
click Related        click Rate This        click Share
Search ROVworld NEWS

Site Info
 
Poll ?
How many days did you work offshore in 2016? (All votes anonymous)




Results
Polls

Votes 687
ROVworld Feeds
 
Facebook

ROVworld.com - ROV News, Discussions, Jobs and more