Samsung Heavy Industry’s lack of success in the early stages of the current newbuilding supercycle could prove to be a winning strategy, according to a top shipbroker.

Affinity (Shipping) said the differentiator between equally capable yards has often been their luck at winning or losing business at certain points in the cycle.

The Richard Fulford-Smith-led shipbroker said a case in point is the big three South Korean shipyards — Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries.