China extends lead in global shipbuilding as South Korea focuses on high-value vessels

AI Summary

China continues its dominance in global shipbuilding, commanding 72% of orders in the first half of the year. In contrast, South Korea focuses on producing high-value ships like LNG carriers, accounting for 19% of orders, as reported by Clarkson Research Services.

China maintained its dominance in the global shipbuilding market in the first half of this year, accounting for 72 percent of global orders. South Korean shipbuilders held just 19 percent, as they focused instead on high-value ships like liquefied natural gas (LNG) carriers. According to data released by London-based Clarkson Research Services on Monday, cumulative ...