src="/files/fa/news/es/Thumbnails/3ab456cd-3194-4c32-9875-cab40f681e39_260_199.jpg' class='img_convert' title='Korean Shipbuilders Face Unpleasant Crisis' alt='Korean Shipbuilders Face Unpleasant Crisis'>
According to MANA, The Hana Institute of Finance estimated the combined order backlog of Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilder and Marine Engineering (DSME) stood at $96 billion as of the end of March, compared to $118 billion at the end of 2013.
According to The Korea Herald, DSME held the largest backlog totalling $36.8 billion, SHI came in with $30 billion, and HHI with $29 billion.
The big three shipyards net loss totalled 7.7 trillion won ($10 billion), according to The Korea Herald, and was the first time all three registered losses.