Korea plummets to 6th in global shipbuilding orders

The Chosunilbo


Korea's once world-leading shipbuilding industry has plunged to a sorry sixth place in terms of accumulated orders.

According to the U.K.'s Clarkson Research Services on Thursday, China had the most accumulated orders from January to May at 63 ships, while Korea ranked sixth with 14.

Second was Italy, followed by Germany and France. Japan ranked fifth with 15.

Some 87 percent of China's shipbuilding orders were from Chinese clients.

In May, Korea clinched only four orders. Hyundai Mipo Dockyard, an affiliate of Hyundai Heavy Industries, won two orders for chemical carriers, while Daesun Shipbuilding and Engineering won two bulk carrier orders.

Among major shipbuilders, Hyundai Heavy, Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy Industries won no orders last month, and Samsung has not won a single one in five months.