China undercutting Korean shipyards

“This is not to say that Korea has become dormant by any means, and we are now seeing the Korean yards pushing the box ship story quite aggressively with consistent reports of both fresh enquiry and new business being concluded,” said the report. “With the broader model of the containership sector now evolving against the collapse of the KG’s – we may well see some further orders placed on a more speculative basis before the year end, with owners that had traditionally veered away from box ships now becoming increasingly interested against strong potential for further trade growth and increased demand.”