Shipbuilders in South Korea are upping their marketing efforts in the face of weak demand from owners and recently raised newbuilding prices.
Newbuilding brokers tell TradeWinds that recent 3% to 5% price hikes have led to a disconnect between the price yards are asking for berths and buyers' bids, leading to an impasse on new orders.
As a result, shipowners report increased contact from yard representatives keen to market their newbuilding positions.
