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S. Korean Shipbuilders Win 13-Year High Orders in First Half

Written: 2021-07-11 13:38:19Updated: 2021-07-11 13:45:25

S. Korean Shipbuilders Win 13-Year High Orders in First Half

Photo : KBS News

South Korean shipbuilders won 13-year high orders in the first half of this year.

According to the Ministry of Trade, Industry and Energy on Sunday, South Korean shipbuilders' new orders amounted to ten-point-88 million compensated gross tons (CGT) in the first six months of the year.

That accounts for 44 percent of 24-point-five million CGTs in global orders during the cited period.

It represents a surge of 724 percent from a year earlier and a rise of 183 percent from the first half of 2019.

The tally also marks the largest first-half figure in 13 years after the local shipbuilders witnessed a boom in the industry between 2006 and 2008.

A ministry official projected that local shipbuilders will continue to secure new orders and post a strong performance in the second half as well.

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