In April, South Korean shipbuilding industries seized over half of new orders in the world and exceeded cumulative order of $10bn.
According to Clarksons on May 4, Korean shipbuilders contracted 17 vessels (543,943 cgt) of $2.3bn last month, accounted for 53.4^ of global new order. Chinese yards contracted 16 vessels (208,732 cgt), totalling $410m, accounted for 20.5%. 
As a result, in the first four months, Korea booked overall 81 vessels (2.52m cgt), $10.62bn in total, while China inked 87 vessels (1.23m cgt), totalling $2.32bn.
In April, overall 51 vessels, 1.02m cgt were contracted in the world, the lowest after 55 vessels or 0.746m cgt in September 2009.
From January to April this year, a total of 277 vessels of a cumulative 5.152m cgt were ordered, just taking about 38.8% of 622 vessels of a cumulative 13.3m cgt on the same period last year.
Meanwhile, as of May 1, global orderbook stood at 5,554 vessels of a cumulative 107.5m cgt, the lowest since January 2006 (5,773 vessels, 105.3m cgt).
Korea had 1,013 vessels of a cumulative 33.4m cgt on the book, lowest since March 2005 (1.070 vessels, 33.3m cgt). Also, China secured the lowest orderbook of 2,312 vessels of a cumulative 40.36m cgt since May 2007 (2,726 vessels, 39.72m cgt).