Korea Retains Top Spot in Shipbuilding Orders

  • Arirang News

    October 12, 2017 09:23

    Korean shipyards won the most orders for vessels worldwide for a second consecutive month in September.

    According to data from Clarksons Research on Wednesday, Korean shipbuilders last month secured orders worth 1.5 million compensated gross tons or CGTs to build a total of 26 vessels. CGTs indicate the amount of work needed to build a ship.

    Chinese firms came in second with 21 vessel orders while Japanese shipyards won orders for 12 ships.

    Last month was the busiest so far this year for ship deals with orders for nearly 3 million CGTs worldwide.

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