Shipyard earnings feel impact of steel price spike
Several big shipbuilding companies in South Korea and China have recorded deficits or thin margins in the first quarter, albeit with a strong rebound in vessel orders and newbuilding prices
Prices for ship plates have jumped more than 25% since December, while mark-ups for fresh tonnage have been largely in the range of 7.4%–18.2% over the same period, according to brokers in China