Japanese yards overtake Korean rivals

For the first time since the dawn of the new millennium Japanese yards have overtaken their Korean rivals in terms of orderbook and market share.

According to Clarkson Research data released yesterday, the shipbuilding orderbook held by Korean shipyards stood at 19.92m cgt (473 units) as of the end of December 2016, while Japanese shipyards had an orderbook of 20.96m cgt (835). China remains out on top.

During their heyday in 2008, Korean shipbuilders had an order backlog 30m cgt bigger than their Japanese counterparts. This is also the first time since 2003 that Korea’s order backlog has fallen below 20m cgt.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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