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China bags shipbuilding top slot in H1

China bags shipbuilding top slot in H1

Beijing: China grabbed the world's shipbuilding top slot from South Korea in the first half of the year. For the first time China's shipyards delivered a greater volume of ships than Korea's in the first six months of the year according to figures from Clarksons Research Services. Chinese yards delivered 8.01m cgt of new ships in the first half of 2010 compared to 7.48m cgt delivered by Korean yards. China also outstripped Korea in new orders taken in the January to June period, bagging 5.02m cgt in orders or 41.2% of the world market, compared to Korea's 4.62m cgt or 38%. [20/07/10]

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