Korea Leading Global Shipbuilding Industry

Hellenic Shipping News | Feb 23, 2021 at 1:00 AM
  • The Overseas Economic Research Institute of the Export-Import Bank of Korea has forecast that the local shipbuilding industry will see the volume of orders increase over 100 percent this year from 2020.
  • South Korean shipbuilders won orders of 8.19 million compensated gross tonnage or CGT for 187 vessels in 2020.
  • Now, the industry sees an opportunity to turn the situation around, on the back of expectations for increasing cargo transport volume after the end of the pandemic and rising demand for new ships in line with stronger environmental protection rules.