Pay attention to ship sale and purchase market, it is suggested.
S&P market, as a leading indicator for newbuilding market, responds more sensitively to fluctuations in demand.
Analyst Jeon Yong-Beom from Solomon Investment & Securities of South Korea said, "Share prices of shipbuilders were down to the level in early 2010, due to financial crisis."
Added, "Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering have maintained highest-level of orderbook during a hard time this year. However, new order surge is hard to expect in 2012."
He expected, "Although new order market for drillship, LNG carrier, ultra-large boxship has boosted this year, these markets expected to reduce next year."
Pointed out, "In case of LNG carrier, 49 vessels of new order can not be said sufficient with about annual capacity of 40 ships. Also, new order market for ultra-large containership has not recovered but are just forced to order with scale of economy."
Now is the time to estimate future shipbuilding market and S&P market would be a key to make a market forecast.