Shipbuilding supply super cycle

摘要

News of a tenth drydock at Hyundai Heavy's Ulsan shipyard (640m x 92m, January 2009 completion) underlines the acceleration of capacity of South Korean shipbuilders. It is clear, according to Worldyards.com, that we are in supply super cycle with a doubling of capacity through to 2010. Demand has been vigorous for most of 2007 in the bulk arena, while a surge of mega containership contracting has added an unexpected dimension to the newbuilding juggernaut.