Korea regains footing as world’s top shipbuilder

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Korea regains footing as world’s top shipbuilder

Korea regained its status as the world’s leading shipbuilder in 2011 by beating its archrival China and securing deals for large value-added vessels, data showed yesterday.

According to London-based market researcher Clarkson Research Services, Korean shipbuilders won a combined 13.55 million compensated gross tons (CGTs) in new orders last year, while Chinese shipbuilders clinched a total of 9.2 million CGTs.

Last year, Korea accounted for 48.2 percent of the 28.11 million CGTs worth of deals placed globally, up from 31.2 percent a year earlier, according to the data.


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