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South Korea Tops Shipbuilding Orders for 2nd Month in June

Logistic News - Published on Fri, 12 Jul 2019

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Yonhap reported that South Korea maintained the top spot in global shipbuilding orders for the second straight month last month. In June, local shipyards won orders totaling 340,000 compensated gross tonnes to build six ships, accounting for more than half of the orders placed around the globe, according to London-based Clarkson Research Services Ltd, the world’s leading provider of data for the shipping and shipbuilding industries. Chinese shipbuilders bagged 240,000 CGTs in orders to build seven vessels, followed by Japan with five ships amounting to 90,000 CGTs.

In the H1 of the year, South Korean shipbuilders secured orders totaling 3.17 million CGTs in 69 vessels for a 31 percent market share, the data showed. China topped the list with 4.32 million CGTs, or 176 ships, for 42 percent of the market. With the global shipping industry hit by the U.S.-China trade dispute, new shipbuilding orders in the first six months of the year dropped 42 percent from a year earlier to 10.26 million CGTs.

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Posted By : Mohan Sharma on Fri, 12 Jul 2019
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