Hanwha Ocean decided not to disclose its annual target for shipbuilding orders this year, after the company managed to achieve 57 percent of its goal of winning $7 billion worth of orders last year, according to industry officials, Thursday.
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Shipbuilding stocks are rallying on the back of anticipation for a “super cycle” - a period of demand-driven expansion that many market observers say takes place every 30 years in the industry.