KR chairman and CEO Park Bum-shik said, because of overcapacity and sustained new ship price downturn, shipping and shipbuilding industry in 2015 will be a year of challenges.

Park pointed out, the oversupply problem in dry bulk carriers and oil tankers industry is still not resolved, the shipbuilding industry will also see the new shipbuilding price slump.

Will be launched fierce competition between South Korea and Japan, China shipyard, the low price of new shipbuilding China advantage, Japan shipbuilding industry also benefited from the devaluation of the yen, while the decline in oil prices lead to ecological environmental protection ships new ship orders decline further, unfavorable in South korea.