
South Korean shipbuilders saw their new orders tumble more than 70 percent in March from a year earlier due to increased ship prices, industry data showed Sunday. South Korean shipyards clinched new orders totaling 434,774 compensated gross tons (CGTs) last month, down 70.1 percent from 1.45 million CGTs a year ago, according to the data by global market researcher Clarkson Research Services.
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