Shipyards Win Record Orders in 1st Quarter

Orders won by South Korean shipbuilders jumped 34 percent from a year ago to a record $12 billion in the January-March period, according to a Ministry of Commerce, Industry and Energy report. The report, released on Tuesday, said the orders amount to 136 vessels, or 4.92 million compensated gross tonnage (CGT), up 18.7 percent from a year earlier.