The shipbuilding order value of South Korean shipyards was nearly four times higher than Chinese yards during the first eight months of 2011, according to a Clarksons Research Services study.
According to the World Shipyard Monitor report, South Korean shipbuilders won $37.8bn worth of orders in the first eight months of 2011, compared with $10.3bn worth of orders in China.
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South Korea’s expertise in constructing higher-value offshore, container and gas vessels, helped it win more orders compared to China, the report said.
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