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SPP shipbuilding will be closed in February next year

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It is reported that SPP shipbuilding will be closed in February next year. The workload of shipbuilding in the east of the city can only be maintained until July next year. Other small and medium-sized shipyards in South Korea are also facing a crisis of reduced orders.
According to Korean media reports, the SPP shipbuilding in Gyeongsangnam-do is expected to close in February next year. According to sources, SPP shipbuilding will deliver two oil tankers in January and February next year. After the completion of the delivery, SPP shipbuilding will be discontinued; usually, the shipyard needs to ensure a two-year order, however, this year SPP Shipbuilding failed to receive an order for a new ship and there will be no construction work after February next year.