Instead of aggressive order-taking, South Korean shipbuilders may only strive to maintain current order backlogs in 2015, said an analyst in a research note.
Youngsoo Han of Samsung Securities said, "After reviewing New Year messages from CEOs of Korea's big three shipbuilders - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI), and Daewoo Shipbuilding & Marine Engineering (DSME), it has become clear that all of them have more conservative industry outlooks than they did in 2014."
Han continued, "Jaeho Ko, CEO of DSME, and Ohgap Kwon, CEO of HHI, both worry about oil price declines and the