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The Korea Herald
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THE INVESTOR
March 29, 2024

Industrials

Korean shipyards outpace Chinese rivals in April new orders

  • PUBLISHED :May 10, 2017 - 12:26
  • UPDATED :May 10, 2017 - 12:26
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[THE INVESTOR] Korean shipyards came in first in terms of new orders secured in April, industry data showed on May 10.

According to the data compiled by global research firm Clarkson Research Institute, Korean shipyards clinched new orders worth a combined 340,000 compensated gross tons last month to build 12 ships, trailed by Chinese rivals with 260,000 CGTs or 13 ships. Japanese shipyards’ orders came to nil.

In April alone, a total of 750,000 CGTs worth of new orders were placed around the globe, the data showed. In the January-April period, Korean shipyards secured 1.23 million CGTs worth of new orders to build 34 ships. China took the top slot with 1.43 million CGTs, or 78 ships.

The order backlog held by Korean shipyards came in at 17.62 million CGTs last month, slipping from 17.67 million CGTs a month earlier. The comparable figures for China and Japan were 26.82 million CGTs and 17.73 million CGTs.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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