Located in the Philippines, Subic Shipyard of Hanjin Heavy Industries & Construction is forecasted to exceed its yearly order aim by 180%.

Analyst Choi Won-Kyung at Kiwoom Securities of Korea said, "Hanjin has entered 'orderbook recovery', the second phase of upcycle which started from new order recovery," and explained, "Hanjin's Subic Shipyard is expected to accomplish over 180% of its annual order aim with a possibility of winning $2.2bn contracts by the end of this year."

Choi said, "The Korean builder's Yeongdo Shipyard, as well, is prospected to ink new orders worth around KRW650bn ($612m) until this year," and expected, "Considering a recent surge of new orders and ship value turnaround, shipyards will gradually improve starting from 2014."

Meanwhile, Hanjin's revenue in the third quarter is forecasted to fall below expectation. Choi commented, "Operating margin of the builder's Construction Division is expected to decline against 4.3% recorded in the second quarter in contrast to the previous anticipation. Moreover, Yeongdo Shipyard's losses are seen to somewhat increase," and added, "'performance' can be an excuse of short-term adjustments of stock prices however it is not a player to change the overall uprising trend."