South Korean shipbuilders' share prices have plunged by Eurozone Risk and decrease in oil price, however, it will rebound when Greek crisis is settled.
Analyst Jun Jae-Chun, Daishin Securities said, "When Greece issues are solved, West Texan Intermediate (WTI) prices will remain over $90 and South Korea shipbuilders can win new orders as expected."
Jun expected that global new order for commercial ship is to increase to 29m cgt in 2013, up by 47% year-on-year.
He forecast, "Ship financing will hit bottom in H1 this year and be recovered next year, along with improved rates. Also, overly invested newbuilding commercial ship during 2006-2008 will get better next year."
Jun explained that increase in commercial ship order in 2013 will benefit Big3 shipbuilders.
Also, around $35.9bn, up by 2% year-on-year, will be invested in LNG carrier, deep-sea drilling rig, production facilities, etc., in 2013. The US' export of LNG will boost new order for LNG carriers.