South Korean shipbuilders last year received orders totaling seventeen-million-440-thousand compensated gross tonnage the industry’s best in eight years.
According to the Trade Ministry on Wednesday, that’s a one hundred twelve percent increase from 2020’s figures and an eighty five percent rise from 2019, right before the start of the pandemic.
In particular, domestic shipbuilders won sixty-five percent of all high value-added vessel orders in the world for 2021 ranking number one in market share.
They also took command of the eco-friendly vessel market, winning 64 percent of global orders.
Officials say the trend is a sign Korean shipbuilding is making great strides, that go beyond recovery.