Hyundai Mipo Dockyard of South Korea is expected to gain a benefit from increasing order for product carrier and PSV.
Analyst Yoo Jae-Hoon, Woori Investment & Securities said on March 14, "Increase in Shale gas production would lead to growing export of the US' petroleum product and import of chemical product, which cause increase in cargo volume and demand for product carrier."
Added, "Demand for product carrier would surge by building additional petro-chemical plant in Middle East  and China's high demand for chemical product being continued."
Woori's Yoo pointed out, "For the last three years, yearly average of 474,000-dwt newbuilding product carriers have been contracted, which is rather low. Therefore, if product volume soars, new order for product carrier would rapidly increase."
Meanwhile, Hyundai Mipo penned four PSVs on February 8 for the first time and it is known that the Korean yard is receiving a number of newbuilding inquiries.
Yoo forecast that Hyundai Mipo would be able to secure a total of 10 PSVs, which totals $500m, 15% of its 2012 entire order target, this year with its experiences in medium-sized ship building and popularity in the market.