Shipbuilding industry is said, “Contract momentum is still valid in energy vessel order rather than general commercial vessel.”
Analyst Kim Seong-Chrul at Meritz Securities of Korea prospected, “Recent oil prices are exceeding $60 per barrel which is the level of average Break Even Point (BEP) seen in deep-sea oil field development, hence demand for drilling rig and offshore production facility will persist.”
Kim said, “There is a possibility of newbuilding order to be placed for 16 ice breaking LNG carriers for Russia Yamal LNG project in the second half of this year,” and explained, “The momentum from offshore plant order is still valid, focused on Korea’s Big3 builders.”  
Among the Big3 builders, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering were selected as top picks since the former continues to show a stable profit flow while the latter is expected to see improved profitability next year.
Regarding commercial ship market, the analyst said, “Clarkson’s newbuilding price index rose to 127 point in June, up by 1 point from the previous month,” and continued, “However, freight rates of bulker and containership are still low that it is hard to say that operators have improved ability to place orders. Thus, checking the bottom level of newbuilding prices is more meaningful than expecting a sharp increase.”