Korean Shipyards Dominate

Korean shipyards dominate the global shipbuilding market in terms of backlog orders. According to the London-based market researcher Clarkson, Hyundai Heavy Industries received 12.3 Million CGT or compensated gross tons' worth of orders as of the end of August, followed by Samsung Heavy Industries, and Daewoo Shipbuilding and Marine Engineering. Together with Hyundai's subsidiary, MIPO Dockyard and Samho, Korean shipyards have taken the top five places as the world's leading vessel makers. China's Dalian Shipbuilding Heavy Industry came in sixth with 2.9 million CGTs of orders. Source: Arirang News