Shipbuilding industry, which recently showed recovery around high-value newbuilding orders this year, faces growing concerns about another depression by European financial crisis.
Owners based on Europe would be harder to raise shipbuilding financing due to degradation of major European banks and newbuilding traffics and demand on resource development may lower by global economic downturn. 
Accordingly, shipbuilding shares, a major beneficiaries from rise in the exchange rate, dropped sharply recently and fear of European owners' new-order drop is getting closer to reality.
Shipbuilding industry player pointed out, "If Europe in which major shipowners are concentrated faces financial crunches, with difficulties in procurement of shipbuilding finances, absolute newbuilding order would decrease and shipbuilding payment would go awry."
And concerned, "If global slowdown leads to fall of oil price, decreased new oil-field development would bring lessening new order for offshore plant of LNG carrier."
Global slowdown in economy would follow by drops of oil price, which has a harmful influence on South Korean shipbuilders' winning new orders for high-value offshore facilities and energy carrier, such as LNG carrier and tanker.