LIG Investment & Securities of South Korea said on February 27th, "It is time to buy the shares of shipbuilders, just holding up two additional months of depressed market and waiting for soaring new order in the second half and 2013." 
LIG upward adjusted for shipbuilders' investment opinion to overweight from trading.
Analyst Choi Gwang-Sik, LIG said, "Shipbuilding market is expected to improve, as tradings of bulker and tanker in February having turned around."
Recent market is still in trouble, newbuilding prices of bulker and tanker  decrease and price of second-hand tanker drops as well.
Meanwhile, tradings of second-hand vessels rapidly increase. Bulker trading is to grow to $1.39bn in February from $640m in January and $290m in December 2011. In case of tanker, a total of $1.41bn would be traded in February from $570m in January and $300m in December. Although boxship data have not been announced yet, it is also possible to gain tradings.
Analyst Choi expected, "Shipbuilding market this year is as depressed as 2009, however, orders contracted in February has come up to those showed in 2010. Even if the market is sluggish during March-April, it can be enhanced and the share price would start to increase from the second quarter."