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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

Orders for Korean ships nearly doubled last year

By Kim Yon-se

Published : Jan. 10, 2014 - 20:14

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Orders won by South Korean shipbuilders increased nearly twofold in 2013 from the previous year, beating their Chinese rivals in terms of value, data showed Friday.

According to the data compiled by market researcher Clarkson Research Services, South Korean shipyards reaped orders of 16.07 million compensated gross tons last year, up 99 percent from the 8.08 million CGTs in 2012.

The figure represents 33 percent of the 48.66 CGTs of overall global vessel orders placed last year. The global orders were up 92.4 percent from a year ago. (Yonhap News)

Orders for Korean ships nearly doubled last year

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