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STATISTICS from global shipping intelligence provider Clarksons Research show that shipbuilders in South Korea have the edge over their Chinese rivals when it comes to the total compensated gross tonnage (CGT) of new ship orders in August.
The figures from Clarksons Research show that new shipbuilding orders totalled 1.37 million CGT (47 ships) worldwide in August and 0.78 million CGT (16), 0.37 million CGT (23) and 0.19 million CGT (7) went to South Korean, Chinese and Japanese shipbuilders, respectively, according to Business Korea.
For the first eight months of this year, the orders totalled 32.39 million CGT, up 165 per cent from a year ago. South Korean shipbuilders won 13.66 million CGT, up 406 per cent from a year ago, while Chinese shipbuilders took 14.53 million CGT.
Currently, very large crude carrier, A-Max tanker and large LNG vessel orders are showing higher rates of increase. When it comes to LNG carriers with a capacity of 140,000 cubic meters or more, a total of 38 orders were placed and 37 went to South Korean shipbuilders this year. In the meantime, orders for container carriers with a capacity of more than 12,000 TEU surged more than 1,400 per cent, signalling a recovery of the global marine transport industry.
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