Hyundai Mipo Dockyard (HMD) of South Korea seems to benefit from product-carrier ordering boom.
Analyst Choi Kwang-Sik, LIG Investment & Securities said on May 30, "HMD takes 17% of global PC market share, which raised new order for product carrier this year from $600m to $1bn."
Choi forecast that as tanker market recovers, ordering for tanker will grow, as well, from the second half this year.
He said, "In the first quarter, low-profit bulkers accounted for about 60% in HMD's turnover, however, proportion of bulker would decrease to 30% range by 2013. Therefore, HMD's profitability is expected to improve."