Shipbuilding market would meet a difficult year of decreasing new order by global economic depression and worsening profitability due to deliveries of low-margin newbuildings ordered after financial crisis in 2008.
According to Korea Shipbuidlers' Association, ship export in 2012 would just remain $54bn, down by 3.4% on 2011.
Also, high-value vessels, which were massively ordered in the first half 2011, have down-adjusted estimation for new order placement this year, due to fleet oversupply. However, market experts forecast that offshore facility sector, including drillship, FPSO, etc., would make a steady growth by high oil price.