Struggling shipbuilding giant Hyundai Heavy Industries (HHI) anticipates that its ambitious price strategy will help to turn its fortunes around.
Industry players say the South Korean yard is staying steadfast with its newbuilding values despite a slackening in demand.
London broker Clarksons’ weekly report states that newbuilding price has weakened, with the cost of a VLCC falling by 2% to $98m and that of a suezmax tanker dipping by 0.5%
