KDB Daewoo Securities said of this that the world`s ocean plant market has entered a five-year boom cycle and the "Big Three" Korean shipbuilders would see a brighter future any time soon. KDB Daewoo Securities analyst Sung Ki-jong said, "For the next five years, the demand for drill ships and other related equipment will rise steadily as more oil and gas explorers go deeper into the ocean to discover new wells. Given Korea`s three largest shipbuilders are highly competitive in the FPSO [floating production storage and offloading] area, they will benefit mightily from the new business cycle."
Samsung Heavy Industries is known as the world`s best producer of drill ships while Hyundai Heavy Industries in FPSO. The analyst maintained a "buy" opinion on Hyundai Heavy based on his prognosis.