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Experts Believe Vessel Construction Prices Reached 6-Year Minimum

March 04, 2010

Vessel construction prices reached 6-year minimum. This was reported by analysts of the Korean Association of Shipbuilders. According to experts quoted by “Transport Business”, in January, 2010, prices reduced by 18% as compared to the same period of 2009.

In the estimation of the specialists, such reduction was caused by lack of orders. According to the Association, Korean shipbuilders signed up only 9 vessel construction orders in the first three quarters of 2009. But at year-end the situation improved, and in December, 2009, companies signed up 40 construction orders. Despite the pickup in orders, analysts anticipate further fall of prices.

Source: PortNews

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