Shipbuilding industry is said that new orders for commercial ship are prospected to increase together with its value in the fourth quarter of this year.
Jeon Jae-Chun, analyst at Daishin Securities of Korea said, “Two Korean builders which score orders for commercial vessel, Hyundai Heavy Industries and Hyundai Mipo Dockyard are seen to have weak stock prices,” and added, “In a situation where quality contracts are critical, stock prices will rise only when orders increase accompanied with a rise in ship value.”  
He also prospected that ship value will increase around the fourth quarter of this year, which is nine months later than the first quarter when ship orders turned around to grow.
Jeon saw the factors behind the market to improve in Q4 as twofold; the order recovery in major vessel types, such as LNG carrier, drillship, offshore production facilities and etc. as well as the increase in merchant ship value.