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Korean shipbuilders don't expect newbuilding price to fall further

Korean shipbuilders don't expect newbuilding price to fall further
In the latest issue of Seatrade Asia Week: Despite a bleak outlook for the newbuildings market South Korean shipbuilders do not expect prices to fall further due to the cost of materials.  

Analysts such as Clarkson Research’s Martin Stopford have forecast that newbuilding prices could dip by as much as 10% this year as yards get increasingly desperate for new orders and accept prices below breakeven level. However, South Korean shipbuilders hold a different view as they shift much of their new order attention to the offshore sector.

Oh-Yoon Kwon, general manager of the Korean Shipbuilders Association (Koshipa), said……

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