Record Orders for Korean and Japanese Shipyards
 
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Record Orders for Korean and Japanese Shipyards

      7/18/2000

Koreaís shipbuilding industry is reported to have set new record in the volume of orders received during the first six months of the year. According to industry sources on July 11, Korean shipbuilders have been granted orders for as many as 179 vessels or 10.46 million GT, during the January-June period.

Meanwhile, Japanís shipbuilding industry orders during the January-June period of the year doubled to 132 ships, or 5,844,000 GT, industry sources said on July 14.

The industry remarkable growth is attributed to a better than expected increase in the volume of orders for containerships, VLCCs, and bulkers, market watchers say.


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