Korea Dethrones China in Newbuild Orders

According to a March 30 report from The Cholsun Ilbo, Korea regained its top spot in the global shipbuilding industry, beating out China in terms of new orders in the January to February period. London-based market researcher Clarkson said in its latest report that Korea received new orders for 34 ships totaling 700,000 compensated gross tons (CGT), while China secured orders for 19 ships totaling 400,000 CGT in the first two months of the year.

(Source: The Cholsun Ilbo)