South Korean shipbuilders dominate H1 orders globally

South Korea's shipbuilders secured the largest number of new vessel orders globally during January-June this year, accounting for 45.5% of all orders won worldwide and beating their Chinese rivals, Korea's Ministry of Trade, Industry and Energy (MOTIE) said on July 6.

During the first six months of this year, the Korean yards landed orders equivalent to 9.79 million compensated gross tons (CGTs), MOTIE said, quoting data from UK-based information provider Clarkson Research Services. South Korea also outpaced China, which took 43% of global orders, equivalent to 9.35 million CGTs, to