South Korean shipbuilders get 60% of global orders in September

South Korean shipbuilders secured nearly 60 percent of global new ship orders in September to rank first in the world, industry data showed on Friday.

Local shipyards, led by Hyundai Heavy Industries Co., secured 1.32 million offset gross tons (CGT) in new orders for 22 vessels last month, or 61 percent of the world´s total of 2 .17 million CGT, according to data from global market researcher Clarkson Research. Service.

Chinese shipbuilders secured orders for 26 ships that reached 550,000 CGT in September, taking 25 percent of the world total and ranking second.

September´s global total of 56 ships was down 57 percent from a year earlier.

As of September, South Korean shipyards booked 13.22 million CGT in global new orders, or 44 percent of the world total of 30.34 million CGT, down 32 percent from a year earlier.

The order book of South Korean shipbuilders reached 36.06 million CGT, ranking second in the world and accounting for 35 percent of the world total. China ranked first with 43.34 million CGT, or 42 percent of the total.

Meanwhile, the Clarkson NewBuild Price Index, a barometer of price changes in newly built ships, stood at 162.27 in September, advancing for 21 straight months, the data showed.

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