Nomura Claims Shipbuilding Orders High; Korean Companies Disagree

Capt. John
Credit: Chris Pagan/Unsplash

Nomura says new shipbuilding orders peaked; Korean firms refute, highlights a Korean Economic Daily news source.

Value-added ships

Korean shipbuilders, armed with technology for value-added ships, expect their profitability to remain intact.

Nomura Securities recently said global new shipbuilding orders likely peaked in 2022, slashing its stock recommendation rating on industry leader HD Hyundai Heavy Industries Co. to neutral from buy.

South Korean shipbuilders,...

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