South Korean January Ship Orders Increase

New orders received by South Korean shipbuilders in January totaled 1.06 million- gt, up 164.7 percent from the same month a year earlier, provisional figures from the Korea Shipbuilders' Association showed. South Korean shipbuilders received orders for 16 ships in January, the association said. Orders received in January last year totaled 400,556-gt for four ships, while ships completed in January were down from the same month a year earlier. Seventeen ships totaling 956,081-gt were finished, compared to 23 vessels at 1.22 million-gt.

South Korea's backlogged orders at the end of January amounted to 24.3 million- gt for 389 ships, against 20.3 million- gt for 314 ships a year earlier.

shipbuilders association