S. Korea outpaced by China, Japan in Aug. shipbuilding orders
Sept 4, 2015
South Korean shipbuilders were outpaced by Chinese and even Japanese rivals in terms of new orders in August, industry data showed Friday, amid deepening woes over their widening losses. According to the data compiled by global researcher Clarkson Research Services, South Korean shipyards bagged new orders totaling 150,000 compensated gross tons last month, trailing after Japanese shipbuilders with 430,000 CGTs and Chinese ones with 410,000 CGTs. South Korea retained its status as the world's