Shipbuilding Sector Bounces Back in 1st Half

  • Arirang News

    July 11, 2018 10:34

    Korean shipbuilders received the most orders in the world during the first half of this year, surpassing their Chinese rivals for the first time in three years.

    According to data released by Britain's Clarkson Research Services on Tuesday, Korean orders stood at 4.96 million compensated gross tons, accounting for some 40 percent of total ship orders worldwide. Chinese shipbuilders recorded 4.39 million CGTs, or 36 percent of global orders.

    Industry experts said Korea saw an increase of some 65 percent in the first half of this year compared to two years ago, indicating that its shipbuilding industry is on the recovery path.

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