Reports that shipbuilder Samsung Heavy Industries may issue new equity worth $1.4 billion led to a 30% drop in its stock price (equivalent to the capital raise). That follows capital increases from peers DSME and Hyundai Heavy. The shipbuilding sector appears to already have been past its worst financial position. Profitability has reached 5.8% on an EBITDA-margin basis in the 12 months to September 30 from a trough of a 2.5% loss in 2015. Orders have also improved and exports from China, Japan and South Korea having risen 17% in the 12 months to October 30. While financially secure ship...