South Korea rose to first place in new global shipbuilding orders in March, overtaking China's lead in the previous month, industry data showed Friday.
South Korean shipyards clinched orders totaling 820,000 compensated gross tons for 17 ships, accounting for 55 percent of the global total at 1.5 million CGTs last month, according to London-based Clarkson Research Services.
China followed with 520,000 CGTs for 31 vessels, taking up 35 percent of the global total.
In terms of order backlog, China ranked first with 93.97 million CGTs, or 59 percent of the global total at 159.6 million CGTs as of the end of March, making a 1.52 million CGT increase from a month earlier.
South Korea ranked second with 36.12 million CGTs, accounting for 23 percent of the total.
Clarkson's Newbuilding Price Index, a barometer of price changes in newly built ships, came to 187.43 last month, up 4.26 points from a year ago. (Yonhap)
