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Asia's shipbuilders flounder in a glutted market

New orders slump 90% in 2016

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A propeller is transported by truck at Hyundai Heavy Industries' shipyard in Ulsan, South Korea. New orders have fallen sharply at shipbuilders across Asia.   © Reuters

SEOUL -- Asian shipbuilders are struggling to stay afloat as orders decline to the lowest level in two decades. Analysts see no end to the pain in sight.

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