The world’s biggest shipbuilder said in a filing to the Korea Stock Exchange that it logged $16.4bn of new business, from $21.86bn in the same period of last year.

Shipbuilding accounted for $4.93bn of this, compared to $6.83bn in 2013, while other marine business dropped to $4.94bn from $6.17bn.

LPG owners have been a big source of orders for the company this year, with Petredec, Dorian, Aurora, BW and Latsco all splashing out on new ships.

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