
China Strengthens Shipbuilding Dominance as Korea Narrows Focus
China is expanding its shipbuilding lead as Korean yards focus on LNG and LPG carriers, while the China-built Glovis Leader highlights pressure on Korea’s standard vessel sectors.

China is expanding its shipbuilding lead as Korean yards focus on LNG and LPG carriers, while the China-built Glovis Leader highlights pressure on Korea’s standard vessel sectors.

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November global new ship orders totalled 5.13 million CGT, up 72% month-on-month but slightly below last year, while China kept a 50% monthly share and 59% of year-to-date contracting.

Global ship orders dropped 38% year-on-year in October, according to Clarksons Research. China led the market with a 73% share, while Korea accounted for 18% amid a broader industry slowdown.
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