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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.

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