Korea shipbuilding industry is said that its poor track records have been anticipated that the recent increasing rate of order intakes is worthy of notice.
Lee Kang-Rok, an analyst at KTB Investment & Securities of Korea, said, “In the second quarter of this year, a total revenue of five Korean builders, Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering, Hyundai Mipo Dockyard and Hanjin Heavy Industries & Construction, is expected to record KRW 22.5trn ($19.3bn), down by 1.2% from the same time period a year ago, with an operating profit to be KRW 528.6bn, down by 29.8%."
It is also said that the builders’ track record are going downwards due to the increasing weight of low price orders won after global economic crisis.
The analyst, however, said that their contracting performance is seen favorable that an expectation for their better track records is getting higher.  
Lee said, “Hyundai’s track record in Q2 is prospected to fall short of market expectation because of deteriorated performance of Hyundai Oilbank,” and explained, “The builder, however, recorded $9.6bn (from divisions of Shipbuilding and Offshore & Engineering) as of the end of May, achieving 70% of guidance (around $13.7bn).”
In addition, he said that it is worth paying attention to the improvement in track records that large shipbuilders, for instance, Samsung, Daewoo and etc., show from now on.