As the overcapacity of global shipping industry enters into a settlement stage after its peak, shipbuilding industry is said that it has finally turned into recovery phase.
Analyst Jeon Yong-Beom at I’M Investment & Securities of Korea said that Clarkson’s newbuilding price index recorded 128p in two weeks after it recorded 127p two weeks ago getting out of 126p which had been continued for the past seven months.  
He said that the 1p rise of the newbuilding price index recorded in the third week of July (128p) is more meaningful than another 1p rise seen in the first week of July because not only containership but tanker and bulker experienced the newbuilding price increases. And added, “The chances are bigger for newbuilding prices to have clearly hit the bottom and turned to rebound.”
Jeon said, “Almost every type of vessel starts to have figures which show signs of recovery into the stage of balance of demand and supply after passing through the peak of fleet oversupply despite with different paces. Moreover, there appeared several shipping companies which are willing to go for bids with absolutely low prices which are down to the levels seen in early 1990s or 1980s thus the newbuilding price increase is getting more obvious. It is certain that shipbuilding industry has turned to recovery although the pace is slow.”