Contracts for small-and-medium sized newbuilding product carrier, LPG carriers, PCTC, etc. is expected to increase, which would revive a stagnant market.
Analyst Yum Dong-Eun, HMC Investment & Securities forecast on April 30, "Small-and-medium sized vessels had seen few orders after the financial crisis in 2008 and newbuilding contract for those sizes will start off again soon."
And he prospected that Hyundai Mipo Dockyard, STX Offshore & Shipbuilding, etc., those specialized in construction of small-and-medium sized vessels, would likely to win those orders.
Yum said that Shanghai Containerised Freight Index (SCFI) reached 1488p with BDI increasing to 1156p. Particularly, freight indexes of small-and-medium sized vessel, such as BPI and BSI, etc., are recovering faster than those of larger-sized.
Yum forecast, "While a number of small-and-medium yards are going through restructuring, top tier medium-sized yards, including STX, Hyundai Mipo, etc., seem to book newbuildings more actively."