Newbuilding prices for large containerships rose for the second consecutive month and South Korean shipbuilding stocks are recommended by local analysts.
IBK Investment Securities analyst Park Seung-hyun said on 15th that new order intake momentum for local shipbuilders is still good for the second half of the year.
Recently, newbuilding prices for large boxships rose for second straight month and the uptrend is expected to stretch into the latter half.
In LNG carrier sector, demand is expected to rise steadily and newbuilding prices would rise as well.
Park recommended Hyundai Heavy Industries and Hanjin Heavy Industries & Construction.
He said, "Hanjin is now facing complex labor-management problem but if the issue is resolved, the yard will be able to receive midsize containership and LNG carrier orders in earnest."