Posted on 03 Jun 2015
South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., clinched the largest amount of new orders in May, retaining the top spot for the fourth consecutive month, data showed Wednesday.
According to the data compiled by global researcher Clarkson Research Services, South Korean shipyards bagged new orders totaling 820,000 compensated gross tons (CGTs) last month.
Japanese rivals took orders worth 400,000 CGTs, followed by Chinese ones with 220,000 CGTs, the data showed.
South Korea has retained its status as the world’s leading shipbuilding country in terms of new orders since February.
In May alone, orders for 41 ships totaling 1.66 million CGTs were placed around the globe, down 36 vessels and 110,000 CGTs from the previous month, the data showed.
In the first five months of the year, South Korean shipbuilders secured new shipbuilding orders totaling 4.33 million CGTs, followed by Japan with 2.23 million CGTs and China with 1.95 million CGTs.
As of end-May, China had the largest order backlog totaling 41.14 million CGTs, trailed by South Korea with 32.21 million CGTs and Japan with 19.34 million CGTs, according to the data.
