UPDATE 1-S.Korea doubles support for shipbuilders to $7 bln

Newswire

(Adds details) SEOUL, April 30 (Reuters) - South Korea, the world's biggest shipbuilding nation, has doubled its planned financial support for troubled shipbuilders and related suppliers to $7 billion, citing deepening liquidity problems amid an order draught. The global shipbuilding industry is suffering a major downturn as orders have screeched to a halt due to a collapse in world trade and shipping company's financing difficulties. Shippers worldwide are idling their fleets, while ...

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