The shipbuilding sector’s ongoing struggles are demonstrated by Samsung Heavy and Hyundai Heavy’s 2Q earnings, Both delivered losses double those expected by analysts. That’s been driven by both falling orders and rising steel-plate prices. Exports by South Korean yards fell 77% on a year earlier in the second quarter. Globally the trailing 12 month aggregate exports across South Korea, China and Japan fell to the lowest since at least 2009. The outlook isn’t much better. Remaining orders held by Chinese yards are in decline. Container-liners have struggled with excess capacity year-to-d...