Mid yards up order targets

Korea's midsize shipyards - Hyundai Mipo Dockyard (HMD), SPP Shipbuilding and Sungdong Shipbuilding & Marine Engineering - have set their new order target for 2011 to the higher level than last year, planning vigorous new order activities.
Majority of the small- and middle-sized shipyards in Korea have seen a huge decrease in new orders due to the slump of the bulk market situation since the second half of last year.
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Source: Asiasis