South Korea takes the lead on container and tanker

Orders for the major tanker and container vessels are increasingly placed at shipyards in South Korea, which thus takes the lead in front of Japan and China, reports the Financial Times.

Photo: Thorbjørn Hansen

Maersk Line's order for 11 new ultra-large container carriers underlines a trend in the shipbuilding industry, namely that a majority of the orders for major tanker and container vessels are placed at shipyards in South Korea.

As such, the industry gets some much needed room to breathe, especially the South Korean yards, which currently have a market share of 41 percent, compared to Japan's 28.9 percent and China's 24 percent, reports the Financial Times, citing Clarksons.

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