Friday, November 30, 2012

[Marine] 2013 to stay in doldrums

2013 to stay in doldrums

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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