It is suggested that newbuilding order market is expected to recover soon until next year with a flow of investment money into newbuildings.
Analyst Um Kyung-Ah at Shinyoung Securities of Korea said, “Newbuilding orders have taken an uptrend this year,” and added, “Orders for three major vessel types, tanker, bulker and containership, outpaced the ones for other vessel types.”
Um continued, “Investments in vessel are growing due to an advantage of high profits despite low earnings because of decreasing ship value,” and prospected, “A lack of orderbook and investment flow come at once that the commercial ship order will expand to 12% this year and further to 22% next year.”