A recovery in newbuilding contracting this year helped South Korean yards book five million cgt of tonnage, almost double the 2016 total of 2.2 million cgt.
The order value is $12.1bn, representing more than a quarter of the estimated $44.1bn global investment in newbuildings placed during the first nine months of 2017.
The marked improvement in orders has brought positive sentiment to the nation’s shipbuilding market.
