The gap in shipbuilding orders between South Korea and China widened sharply in July as global shipowners shifted orders back to Chinese yards amid expectations of eased US sanctions, with South Korea’s market share dropping to 16% and China’s rising to 75%.
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South Korea–China Shipbuilding Order Gap Widens from 33%p to 59%p—Is US Sanctions Impact Fading?
The gap in shipbuilding orders between South Korea and China widened sharply in July as global shipowners shifted orders back to Chinese yards amid expectations of eased US sanctions, with South Korea’s market share dropping to 16% and China’s rising to 75%.
Yonhap Infomax
Global Shipbuilding Orders Plunge 43% in H1—376 New Vessels Booked
Global shipbuilding orders dropped 43% in H1 2025 to 376 vessels, with container ships dominating and bulk carrier orders plunging, signaling a market correction amid high prices and uncertain demand.
Yonhap Infomax
South Korea Captures 41% of Global Shipbuilding Orders in June, Narrowing Gap with China
South Korea's shipbuilding orders surged in June, capturing 41% of global market share and narrowing the gap with China, despite an 81% year-on-year drop in worldwide ship orders.
Yonhap Infomax
US Tariff Bomb - Will It Boost Korean Shipbuilding? Foreign Shipowners Eye Korea as US Targets China with Harbor Fees
US harbor fee policy diverts shipbuilding orders from China to South Korea, boosting Korean shipyards amid concerns over potential sanctions on Chinese vessels
Yonhap Infomax
HD Hyundai Samho Secures Orders for Two Suezmax Tankers Worth 257.6 Billion Won
HD Hyundai Samho secures orders for two Suezmax tankers worth 257.6 billion won from Angola's Sonangol, representing 3.68% of previous year's sales with delivery set for May 2027.
Yonhap Infomax