ShippingWatch

South Korean shipbuilders close in on Chinese competitors

The three top South Korean shipbuilders have for the second consecutive month bagged more orders for new ships than their competitors in China. But the Chinese yards have still won more orders overall in 2017.

Photo: Thorbjørn Hansen

The South Korean shipbuilders have, for the second consecutive month, beaten their competitors in China in terms of securing the most new orders.

South Korea's three major yards bagged orders for a total 26 new vessels in September, while the Chinese yards secured orders for 21 ships, and the Japanese yards booked orders for 12, reports Pulse News, citing numbers from broker Clarksons.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Chinese coal shortage endures and boosts earnings in dry bulk market

Coal is in high demand in China, and by all appearances, the appetite for coal will not abate in the coming months, benefiting dry bulk operators. Norden and Lauritzen note how the Chinese coal policy – in addition to its import ban from Australia – serves to strengthen an already strong market. Clarified.

Further reading

Related articles

Latest news

See all jobs