Korean Media: South Korea's Shipbuilding Order Share Rose to 21% Last Year, What About China?
On February 2, the Korean media "Herald Economic" published an article stating that global shipbuilding orders declined sharply last year, but South Korea still accounted for 21% of the market share.
According to data from the British shipbuilding and shipping market research company Clarksons, the total global shipbuilding orders in 2025 reached 76.78 million CGT (3,235 ships), a decrease of 27% compared to the previous year. South Korea received 11.6 million CGT (247 ships) in orders, accounting for 21% of the total, ranking second.
This represents an 8% increase compared to the previous year.
As the world's largest shipbuilding country, China received 35.37 million CGT (1,421 ships) in orders, a decrease of 35% year-on-year, accounting for 63% of the global order volume.
South Korea's order share dropped to 17% in 2024, and now has recovered to around 20%.
As of the end of last year, the backlog of global orders increased by 3.12 million CGT环比, reaching 173.91 million CGT. China led with 107.48 million CGT (accounting for 62%), while South Korea ranked second with 35.12 million CGT (accounting for 20%).
At the same time, the Clarksons Newbuilding Price Index was 184.65 at the end of last year, an increase of 0.32 from November (184.33).
By ship type, the value of liquefied natural gas (LNG) carriers was $248 million, ultra-large crude oil tankers were $128 million, and ultra-large container ships were $262 million.
Original: toutiao.com/article/1855978909333514/
Statement: This article represents the views of the author.