S Korea lags China, Japan in shipyards

SEOUL – South Korea fell behind China and Japan in the number of shipyards ranking in the world’s top 50 in terms of order backlogs as of the end of May, although seven South Korean companies were No 1 through No 7, a London-based market research firm said Monday.

Fifteen Japanese shipyards and the same number of Chinese companies were included in the world’s top 50 list, while only nine South Korean shipyards made it, Clarkson Plc. said.