April 25, 2024
Industrials
Japanese firms overtake Korean shipyards in 2016
[THE INVESTOR] South Korea’s shipbuilding industry is due to be outdone by Japan for the first time in 17 years in order backlog, tentative data from a global research firm indicated on Jan. 4.
Estimates from Clarkson Research Services put South Korean firm’s backlogged orders at 19.91 million compensated gross tonnage, a measure of the amount of work going into building a vessel, as of end of December last year. The number falls below the projected 20.64 million CGT for Japanese shiyards.
Although the provided data are still tentative, the figures suggest that Japan may well outrun South Korea for the first time since 1999.
China remained No. 1 in the amount of backed up orders, while South Korea and Japan have been competing fiercely for second place.
(theinvestor@heraldcorp.com)
Estimates from Clarkson Research Services put South Korean firm’s backlogged orders at 19.91 million compensated gross tonnage, a measure of the amount of work going into building a vessel, as of end of December last year. The number falls below the projected 20.64 million CGT for Japanese shiyards.
Although the provided data are still tentative, the figures suggest that Japan may well outrun South Korea for the first time since 1999.
China remained No. 1 in the amount of backed up orders, while South Korea and Japan have been competing fiercely for second place.
(theinvestor@heraldcorp.com)
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