South Korea Regains Leading Position as The World's No.1 Shipbuilding Nation

South Korea overtook leading position as the world’s No. 1 shipbuilding nation in 2011. S. Korea managed to do this by securing deals for large, value-added vessels, reported London-based market researcher Clarkson Research Services.

According to Clarkson Research Services, South Korean shipbuilders won a combined 13.55 million compensated gross tons (CGTs) in new orders last year, while Chinese shipbuilders clinched a total of 9.2 million CTGs.

South Korean shipbuilders also managed to overtake their Chinese rivals in terms of order value. They inked contracts with the combined value of USD 48.16 billion while Chinese shipyards managed to secure USD 19.2 billion in newbuild orders.

But South Korean shipyards’ order backlogs were smaller than those of Chinese rivals. South Korean shipbuilders’ order backlogs came to 37.66 million CGTs, far lower than 44.99 million CGTs for Chinese shipbuilders, according to Clarkson.

Shipbuilding Tribune Staff, January 10, 2012

Share this article

Follow World Maritime News

Posted on January 10, 2012

In Depth>

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

3RD ANNUAL WRECK REMOVAL CONTRACTS AND OPERATIONS SEMINAR

A comprehensive guide to legal and operational aspects of wreck removal incidents…

read more >

BARI-SHIP2017

At Bari-Ship you will meet not only the owners and leaders of these companies, but also the entire spectrum of managerial, operational and production staff…

read more >

Nor-Shipping 2017

Nor-Shipping is the leading maritime event week. Their top-quality exhibition, high-level conferences and prime networking opportunities…

read more >

2ND ANNUAL PORTS AND TERMINALS INSURANCE SEMINAR

DETAILED GUIDANCE ON HOW THE INSURANCE MARKET IS CHANGING, HOW RISKS ARE ASSESSED AND WHAT…

read more >