S. Korean shipbuilding industry records highest amount of orders for 4th straight month in August

S. Korean shipbuilding industry records highest amount of orders for 4th straight month in August


now South Korea’s shipbuilding industry
has retained its top position in terms of the number of orders in August the
nation’s shipbuilding industry is showing signs of recovery with orders
for large-scale projects expected to be placed going forward our kim eun-sun
tells us more South Korean shipyards one orders
totally 735,000 compensated gross tons in August accounting for more than 70%
of orders placed worldwide according to data released by the Ministry of Trade
industry and energy South Korea has now recorded the highest number of
shipbuilding orders for the 4th month in a row
South Korean shipyards lobbed orders worth eleven point three billion u.s.
dollars in total between January and August that puts Korea ahead of China
which saw ten point nine billion dollars of orders over the same period in the
first eight month of the year South Korea won 24 of the 27 orders placed for
LNG carriers as well as 10 of the 17 orders placed for very large crude
carriers the amount of orders has been steadily rising again since mid-august
leading to profitability thanks to increased unit costs and favorable
foreign exchange conditions accordingly employment in the shipbuilding industry
has also been on the rise recording 110-thousand after I fell to its lowest
level in August last year the industry is expected to enjoy continued growth
going forward with large-scale project orders expected to be placed by Russia
Qatar and Mozambique kim yusin arirang news

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