Despite a forecast that world shipping freight rate would decrease, demand for newbuilding commercial ship is growing instead.
Analyst Park Mu-Hyun of E*Trade Securities of Korea said "Shipowners aim to invest in fuel-efficient eco-friendly vessels" and prospected that medium-size vessel will be the most popular size in all segments.
Also, he expected that in case of large sizes, many owners will aggressively make investment in Mega containership, in order to compete with Maersk, which already started ordering ultra-large Green boxships.
Moreover, according to him, after the second half of 2013, there will be more newbuilding investment in VLCC, which is structurally more difficult to improve fuel efficiency.
Park said that Eco ships, optimized for recent days with high oil prices, will replace all of existing tonnages in the end and Korean shipbuilding industries will gain the largest benefits.