South Korean shipbuilders' orders fall as global market shrinks on oil price drop
South Korean shipbuilders'
Seoul - Yonhap
The number of orders won by South Korean shipbuilders fell 36 percent last year as global demand for new ships shrank due to a tumble in oil prices, industry data showed Friday.
The data by global market researcher Clarkson Research Services said South Korean shipbuilding companies took orders totaling 11.78 million compensated gross tons (CGTs), or 305 ships, ranking it second in the industry for the fifth consecutive year. China retained its top ranking for the same period.
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Paris - Emiratesvoice
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