The recent delivery delay of China's biggest private-run shipbuilder, Jiangsu Rongsheng Heavy Industries, over large ships confirms Korean shipbuilders' superiority once again.

Lee Seok-jae, researcher of Seoul-based Mirae Asset Securities, says, "The China's major shipbuilder has been delaying delivering VLOCs for more than six months, which will bring about a ripple effect more serious than delivery delay itself. And this will be a good opportunity for Korean shipyards to show their differentiation from Chinese yards."

"The delivery delay due to a lack of shipbuilding ability is like a disaster in the shipbuilding industry. Penality can be imposed according to delayed period, and the amount can reach up to 10% of the newbuilding price. Plus there will be a big risk of order cancelation," he adds.