Shipbuilding Orders Hit Record $30 Bil. in 1st Half

South Korean shipbuilders have secured orders worth some $33.2 billion (30.6 trillion won) in the first half of the year, riding on a favorable business environment stemming from brisk industrial activity around the world.

According to the Ministry of Commerce, Industry and Energy, domestic shipyards received orders to build 364 ships, which translates into 11.32 million compensated gross tons (CGTs) worth $33.2 billion, up 51.3 percent from a year earlier.