Predatory pricing policies from South Korean shipyards could soon return despite some shipbuilders being under financial pressure, says Deutsche Bank.
Korean shipbuilders have fought hard to resist cutting prices but a lack of orders could mean change is in the air, the bank believes.
Analyst Sanjeev Rana notes that Korean yards have secured just 28% of global orders so far this year against 48% for their Chinese rivals, due in part to their hard line on pricing.
“Our
