Korea Outpaces China in Shipbuilding Orders

29 March 2010 (Last Updated March 29th, 2010 18:30)

Korea has overtaken China in global shipbuilding orders during the period of January to February 2010. According to London-based market researcher Clarkson, Korea has received orders for 34 ships totalling 700,000CGT, while China secured orders for 19 ships totalling 400,000CGT in the fir

Korea has overtaken China in global shipbuilding orders during the period of January to February 2010.

According to London-based market researcher Clarkson, Korea has received orders for 34 ships totalling 700,000CGT, while China secured orders for 19 ships totalling 400,000CGT in the first two months of the year.

Korea has seen a 33% rise in ship orders during the two months while China's ship orders dropped by 65%, according to english.chosun.com.