China may take top spot in global shipbuilding orders

Updated 2017-12-11 13:31:15 CGTN

China's shipyards may capture the top position for new orders worldwide in 2017, outpacing those in South Korea, South Korean newspaper Aju Business Daily reported on Friday, citing marine industry tracker Clarkson Research. This would be the seventh consecutive year that China would be number one in terms of annual cumulative order intakes.

Shipbuilders all over the world received 19.51 million CGT (compensated gross tonnage) new ship orders by November this year and China topped the list with 7.13 CGT, followed by South Korea's 5.74 CGT and Japan's 1.82 CGT, according to latest data from Clarkson, the report said.

Although the global shipbuilding market has shown signs of recovery this year, South Korea's mid-sized shipbuilding companies received sparse orders, newspaper The Korean Herald reported on Friday.

South Korea's Ministry of Finance announced that the government is drawing up a blueprint for speeding up the recovery and restructuring process for one of the country's key industries by early next year, the report said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 20 2018 10:03:41

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 20 2018 10:03:41

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 20 2018 10:03:41

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords