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South Korea Retains Top Spot in Shipbuilding Orders for 4th Straight Month in August 2019

Logistic News - Published on Tue, 10 Sep 2019

Image Source: https://www.maritime-executive.com
Xinhua reported that South Korea retained the top spot in global shipbuilding orders for the fourth straight month last month. In August, local shipyards won orders totaling 735,000 compensated gross tonne, accounting more than 70 percent of orders placed worldwide, according to data from the Ministry of Trade, Industry and Energy, easily surpassing its rivals China and Japan.

In the first eight months of the year, South Korean shipyards logged orders worth 4.64 million CGTs. The figure accounts for 34.9 percent of total global orders placed during the cited period but falls short of 5.02 million CGTs worth of orders clinched by Chinese shipbuilders.

However, South Korea was ahead of China in terms of the value of the orders. The trade ministry said South Korean shipyards logged orders worth USD 11.3 billion in the January-August period, USD 370 million more than China.

Source :

Posted By : Mohan Sharma on Tue, 10 Sep 2019
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