According to data published by the South Korean Ministry of Trade, Industry and Energy, the country’s shipbuilders received orders totaling 735,000 compensated gross tons (CGTs) in the past month.
When it comes to the first eight months of the year, China is ahead of South Korea in terms of total CGT, having secured 5.02 million CGT of orders, compared to 4.64 million CGT secured by South Korea. However, South Korea remained in front of China in terms of the value of the orders.
