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.