NOT ALL VENTURES IN SHIP BUILDING OR RELATED TO OIL EXPLORATION CAN BE PROFITABLE AS THE INTRICACIES AND COMPLEXITIES TO BUILD A FLOATING NATURAL EARTH EXPLORATION AND OFFSHORE DRILLING SHIP CAN REAP REWARDS BUT NOT SO AS THE THREE KOREAN SHIP BUILDERS HYUNDAI, DAEWOO, AND SAMSUNG RECORDS BIG 2ND QUARTER COMBINED LOSSES OF $4.095BILLION

The world's top three shipbuilders -- Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering and Samsung Heavy Industries -- all swung into the red in the second quarter due to massive losses from offshore plant projects.
Daewoo reflected W3.1 trillion (US$1=W1,160) in accumulated losses in the April to June period, and Samsung W1.5 trillion.
The top three shipbuilders posted combined operating losses of W4.75 trillion, which marked a record low.
The losses were attributed to expensive mistakes in constructing offshore oil rigs that stemmed from a lack of experience.
Offshore plants account for 60 to 70 percent of remaining orders at Daewoo and Samsung, which leaves them wide open to additional losses.

http://english.chosun.com/site/data/html_dir/2015/07/30/2015073001274.html