In 2023, China attracted 59 percent of new shipbuilding orders (24.46 million CGT) in the global market, while South Korea claimed a 24 percent share (10.01 million CGT), according to the data issued by Clarksons, the world’s leading provider of integrated shipping services.
In 2023, a total of 41.49 million CGT of new shipbuilding orders were transacted in the global market, down 18.7 percent year on year.