South Korea tops China for shipbuilding orders as competition heats up

Shipyards in South Korea netted a second win over their Chinese peers this year last month, a move believed to reflect Seoul’s devotion to defend a pillar industry amid increasing competition between the two nations.

South Korean shipwrights took 40 per cent of global intake for ship orders last month, which totalled 2.37 million compensated gross tonnage, BusinessKorea reported on Monday, citing British analytics firm Clarksons Research.