South Korea reclaimed the top spot in global shipbuilding orders last year for the first time since 2011,... thanks to more contracts for LNG carriers.
Seoul's trade ministry says.... South Korean shipbuilders won a combined orders of around 12-point-6 million compensated gross tonnage last year...up from the previous year's figure of 7-point-6 million.
This accounts for more than 44-percent of global orders in 2018.
The ministry attributed the spike to local shipbuilders winning more contracts for high-valued ships such as Liquefied Natural Gas carriers and Very Large Crude Carriers.