In 2014, shipbuilding industry is expected to show strong trend in the first half but turn to slow growth in the second half.

Analyst Lee Sang-Hwa from Hyundai Securities of Korea said, "Newbuilding orders inked this year to late October are 43% higher than yearly new orders penned last year," and anticipated, "Ship values stay still low that strong new order trend will continue till the first quarter of the first half of next year."

Reasons of active shipbuilding market are explained to be favorable economic recovery, shipowners' desire to secure vessels to take advantage of low ship values and extremely low new orders in 2012.

However, ship values grow while proceeding with placing new orders which have been delayed for the past few years that there might be a time for a new order drive to be weak during next year.

Lee forecasted that a state of lull might happen if shipbuilders do not suggest lower prices to owners, for they filled up their slots for the next two or more years.

As seen from worsen performance of shipping industry, vessels are not lacking, compared to global trade volume. Thus, it will be difficult to see a reappearance of long boom period which occurred before and after 2007.