Shipbuilding and shipping industries will go through ill market and severe restructuring in 2013.
Shinhan Investment Corp prospected as such from 'Shinhan bond market forum' with a theme 'Global & Korea Bond Market 2040', on Wednesday.
Analyst Byun Jung-Hye forecasted shipbuilding and shipping industries will stay in the doldrums next year and economic recovery should come first. Also said each ship size has different demand-supply situation and recovery will be also differentiated.
Therefore, shipbuilders should set up a differentiation strategy with a focus on high-value ship, in order to overcome shrinking new order and chasing Chinese shipyards. Support from government is also required, she said.
Published : November 29, 2012
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