Shipbuilding industry is said to be on the road to recovery that there is a revival sign in commercial ship market while offshore facility market seems still strong.
Analyst Kim Hong-Kyun at Dongbu Securities of Korea has said, “Looking back new orders contracted in the first quarter this year, global merchant ship market seems likely to revitalize and domestic major shipbuilders have benefited directly from new orders, mostly led by offshore production facilities.”  
“Big3 shipbuilders contracted a total of 11 offshore production facilities worth overall $12.24bn in 2012, while they already booked orders for five units totalling $5.88bn in the first quarter of this year,” he added.
Moreover, “The first quarter marked the largest new order record after the second quarter of 2011 when the economic slump from Europe got worse.” “As for market share by country, Korea’s major shipbuilders took 40.2%, continuing to have the largest market share for two quarters in a row.”
Analyst Kim said, “Domestic major shipbuilders may win even more orders in the second quarter than the previous quarter," and added, “They are highly expected to bring good news from several projects, including Egina FPSO ($3.1bn), Upper Zakum 750Ⅱ, Woodside’s Browse TLP, Chevron‘s Gendalo-Gehem FPU and so on.”
Furthermore, he anticipated that, “In terms of orders for deep-sea drillship, only Samsung Heavy Industries scored one unit during the first quarter, however, in Q2, orders for semi-submersible drilling rigs, drillships and etc., from Statoil, Transocean, etc., are expected.”
“Ordering splash in LNG-related vessels, FSRU, PC, containership and offshore supply vessel are prospected to contribute to increasing contracts placed at domestic shipbuilders.”