Hyundai Mipo Dockyard of South Korea seems to aggressively enter into platform support vessel (PSV) market in the near future.
Analyst Kwag Min-Jung, BS Securities said "Product carrier market is likely to recover, however, it is still contained."
Added, "Hyundai Mipo plans to secure new mid-to-long term growth engine, by entering new PSV market. As high oil price continues as well as new order for offshore plant, its share price would be re-evaluated."
BS' Kwag explained, "Hyundai Mipo's share price has increased by 42.5% on beginning of this year, which is caused by expectations for recovery of PC market."