As the end of the year coming, market players are getting interested in shipyards gaining new orders.
Besides major Korean shipbuilders, such as Samsung Heavy Industries, Hyundai Heavy Industries, STX Offshore & Shipbuilding, etc., Hyundai Mipo Dockyard, SPP Shipbuilding, etc., have inked orders for LNG carrier, dive support vessel, PCTC, Con-Ro, product carrier, etc., successively and they are under newbuilding negotiations as well.
Orders swarm in December as final contract process begins and some say cash-short shipbuilders rush into sealing the deal in order to find cash by the end of a year.
One market export said newbuilding prices from orders contracted in the end of the year and the amount of newbuilding investment could affect newbuilding market of the following year and therefore, market players are observing the market closely.
Published : December 11, 2012
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