Korean shipbuilders lost their No. 1 ranking to Chinese rivals in terms of new orders in April, nine months after taking the top spot since July.
Korean shipbuilders led by Hyundai Heavy Industries have jacked up their order targets for this year by over 40 percent compared with last year
Korean shipbuilders held on to their global No. 1 status in terms of new orders of ships in January, outpacing their Chinese rivals for the seventh straight month, industry data showed Tuesday.
Korea was a distant second player after China in terms of new shipbuilding orders in the first five months of the year, data showed Tuesday.
Three major Korean shipbuilders have inked a 23.6 trillion won ($19.26 billion) deal with a Qatar-based petroleum company to provide 100 liquid natural gas (LNG) ships over the next seven years, announced Qatar Petroleum Monday.