Korea’s Share of Global Shipbuilding Orders Plunges to 4%

Business Korea | Apr 8, 2020 at 5:10 AM
  • The Korean shipbuilding industry is being hit hard by the new coronavirus.
  • China took first place with orders of 650,000 CGTs (17 ships and 90 percent), followed by Korea’s 30,000 CGTs (one vessel, 4 percent) and Japan’s 29,000 CGT (two vessels, 4 percent).
  • The total orders by country in the first quarter of in 2020 were 1.15 million CGT for China (55 vessels, 65 percent), 360,000 CGT for Korea (13 vessels, 16 percent), and 180,000 CGT for Japan (12 vessels, 8 percent).