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Korea's shipbuilding industry takes a beating
The global shipbuilding industry has seen a 58 percent decline in new orders for the first half of this year. This is according to the data by London-based market researcher Clarkson Research Services.
The volume of deliveries slipped 2.8 percent on-year in the six-month period.
The data also showed that order backlogs slumped 29.8 percent from a year earlier.
Market watchers attributed the slide to weakening demand in Europe, one of the world's biggest markets for ship orders.
In terms of order volume, South Korean shipbuilders sustained their global dominance, although orders plunged 65.7 percent in the first half from a year ago and the order outlook is said to be gloomy.
In 2003, South Korea became the world's top shipbuilding nation by outstripping Japan in shipbuilding volume, order backlogs and new orders.
Source: Arirang
The volume of deliveries slipped 2.8 percent on-year in the six-month period.
The data also showed that order backlogs slumped 29.8 percent from a year earlier.
Market watchers attributed the slide to weakening demand in Europe, one of the world's biggest markets for ship orders.
In terms of order volume, South Korean shipbuilders sustained their global dominance, although orders plunged 65.7 percent in the first half from a year ago and the order outlook is said to be gloomy.
In 2003, South Korea became the world's top shipbuilding nation by outstripping Japan in shipbuilding volume, order backlogs and new orders.
Source: Arirang
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