In the first five months of this year, Chinese shipyards win more newbuilding orders than their opponents in S.Korean.
According to Clarkson, Chinese yards secured 271 vessels of 5.32m CGT with a total value of $7.7bn while S.Korea inked 162 vessels of 5.23m CGT in the period. However, S.Korea still exceeded China in total value by winning orders worth $12.8bn.
In May, S.Korean shipyards got new orders of 25 vessels, 810K CGT and $1.3bn. In the same period, Chinese builders penned 58 vessels of 1.23m CGT with a value of $1.1bn.
In last month, Japanese shipyards wins 14 vessels of 290K CGT ($452.0m) and totally 73 vessels of 1.68m CGT ($3.0bn) in the first five months.