South Korean shipyards are expected to miss analysts' profit estimates for the third quarter.

Higher costs and low prices for current contracts have been blamed.

Figures from Yonhap Infomax show Hyundai Heavy Industries is expected to log operating profit of KRW 106bn ($93.6m) to 30 September, against KRW 322bn a year ago.

Revenue has been tipped to fall to KRW 4.18