South Korea sweeps global shipbuilding orders in 2005
AFP, February, 2006
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SEOUL (AFP) — South Korean shipbuilders swept nearly 40 percent of global orders last year, out-competing rivals in Europe and Asia, data shows.
South Korean shipyards received orders for 14.5 million compensated gross tons (CGTs) for 2005, or 38 percent of total orders, according to the London-based shipbroker and researcher Clarkson Plc.
In 2004, South Korea had a 36 percent stake in the global shipbuilding market by securing orders totaling 16.9 million CGTs, Clarkson said.
The European Union came next with 8.5 million CGTs, followed by China with seven million and Japan with 6.2 million.
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However, the Korean Shipbuilders' Association said the 2005 total ship orders were lower than the previous year amid a global shipbuilding downturn.
South Korea secured orders to build 349 vessels in 2005, down from 441 reported in ...
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