China’s shipbuilding progress threatens South Korea’s long-held tech dominance in the industry

Even as August marked an end to its months-long stretch with the biggest share of the world’s shipbuilding industry, South Korea still celebrated the fact that it managed to snatch up all eight of the month’s orders for advanced and expensive ships that carry liquefied natural gas (LNG).

So, while China climbed to a 14 percentage point lead over South Korea in the overall shipbuilding market, the technological edge still goes to the latter.