TOKYO -- Shipbuilders in China, Japan and South Korea are locked in a struggle for survival amid a global supply glut and shrinking market, as each government digs in its heels to protect these major employers.
Business trends
Beijing, Tokyo and Seoul aid shipbuilders as rivalry deepens
Governments unable to iron out differences on relieving overcapacity
Hyundai Heavy Industries' shipyard in Ulsan. It is currently the world's top shipbuilder but is expected to be overtaken when China's two largest companies merge.
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