Tuesday, September 4, 2012

[Marine] Samsung eyes more drillship

[Marine] Samsung eyes more drillship

Samsung Heavy Industries of Korea looks promising to win drillships in the second half of 2012.

Park Min, analyst from Korea Investment & Securities, said, "Most of shipyards, excluding Samsung, saw their share prices slightly decline due to weak performances shown during the second quarter."

He said, "Drillship order will affect Korean shipyards' H2 share prices."

Explaining, "While weak commercial ship market continues and several offshore projects are delayed, order for drillship could help shipyards outperform."

Park added, "With overall nine optional drillships, Samsung is more stable than competitors which secure only two to three more."



Published : September 3, 2012


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