Market Chatter: South Korea Secures Second Spot in Global Shipbuilding Orders in August
MT Newswires Live
Sep 05
South Korea ranked second in securing global shipbuilding orders in August, with 560,000 compensated gross tons (CGT), after China's 1.38 million CGT, Yonhap News reported Friday, citing London-based Clarkson Research Services.
The total amount of shipbuilding orders declined 65% to 2.44 million CGT in the month from a year earlier.
South Korea accounted for 23% of the global shipbuilding orders in the month, while China accounted for 57%, the report said.
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