Although traditional ship finance market is still contracted and shipowners’ capability to place orders looks dismal, orders for Eco-ship are growing thanks to a demand for better fuel-efficiency; thus, environment for newbuilding order is suggested to be improving.  
Analyst Park Moo-Hyun at E*Trade Securities of Korea has said, “Even though shipping market is still weak now, orders for Eco-ship are continuously placed. He also pointed out that a recent order of China Shipping Container Lines (CSCL) awarded at Hyundai Heavy Industries of Korea is a good example of ‘fuel-efficiency’ breaking down a Chinese policy, ‘Chinese freights must be shipped by Chinese-built vessels.’
He continued that ship finance shows a different status from the past in terms of deliveries in 2011. The rate of borrowings from traditional banks has decreased from 51% to 19% while bond issuing rate of shipping companies has skyrocketed from 5% to 52%. Despite having showed poor performance last year, CSCL participated in Eco-ship order in line with the trend.
Park stressed, “There are growing instances of foreign capital and fund looking for Korea’s large shipyards and shipping companies for charterer,” and said, “We do not have to hold a negative view toward recovering newbuilding market just on the basis of ship finance and order capability of shipowners.”