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S. Korean shipbuilders beat global rivals in orders in Q1

According to Yonhap News,

(SEOUL=Yonhap News) South Korean shipbuilders beat their global rivals in ship orders in the first quarter, according to data by Clarkson Research Services.

In the January-March period, South Korean shipbuilders clinched orders equal to 2.63 million compensated gross tons (CGTs) to build 52 vessels. This accounted for 42.2 percent of ship orders placed globally, the research firm said.

South Korea's three biggest shipyards -- Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. -- all won orders to build vessels, including very large crude oil carriers and liquefied natural gas carriers.

In comparison, Chinese shipbuilders trailed behind with 1.96 million CGTs, or 78 ships. Japanese shipyards came next with 800,000 CGTs, according to Clarkson.

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Source: Yonhap News (Apr. 06, 2018)

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