The Day China Overtook Korea in Shipbuilding
British shipping industry analysts say Chinese shipyards took the top spot in January and February in terms of global orders, accounting for 49 percent of total orders worth 7.8 million compensated gross tons. Over the same period, Korean shipyards were able to win only 2 million CGT, or half of what the Chinese won. This is the first time Chinese shipyards overtook Korean ones in terms of orders. Korean shipbuilders have held the top spot since beating Japanese shipyards in 1999.