South Korean shipbuilders fell behind their Japanese rivals in winning new orders for the third time this year in September, disadvantaged by the weakening Japanese yen, an industry tally showed Friday.
Chinese shipbuilders ranked No. 1 in September, followed by Japanese players and South Korean companies, according to data by global market researcher Clarkson Research Services.
South Korean shipbuilders lost to Japanese competitors in April and June this year as well.
Local shipbuilders obtained new orders totaling 421,528 compensated gross tons in September, securing 20.7 percent of the global market share. Chinese shipbuilders took 922,800 CGTs, or a 45 percent share, and Japanese shipbuilders won 551,850 CGTs, equal to 27.1 percent.
Market watchers said the increase for Japan is attributable to the narrowed gap between the prices of ships made by the firms of the three countries. (Yonhap)
Chinese shipbuilders ranked No. 1 in September, followed by Japanese players and South Korean companies, according to data by global market researcher Clarkson Research Services.
South Korean shipbuilders lost to Japanese competitors in April and June this year as well.
Local shipbuilders obtained new orders totaling 421,528 compensated gross tons in September, securing 20.7 percent of the global market share. Chinese shipbuilders took 922,800 CGTs, or a 45 percent share, and Japanese shipbuilders won 551,850 CGTs, equal to 27.1 percent.
Market watchers said the increase for Japan is attributable to the narrowed gap between the prices of ships made by the firms of the three countries. (Yonhap)
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