Korean shipyards' standstill likely to continue

Analysts project that South Korean shipbuilders' earnings will remain at a standstill until the first half of 2016, reports South Korean media.

Photo: Thorbjørn Hansen

Even though the South Korean shipyards could surpass third quarter estimates, analysts according to Yonhap News Agency project that the shipyards will remain at a standstill until the first half of 2016.

"Their third-quarter earnings may exceed market estimates, but business performances are expected to remain dull," Hyundai Securities analyst Jung Dong-ik tells Yonhap.

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