Orders for three Korean shipbuilding companies become the world's top in October, surpassing China by a large margin - South Korean report

According to British research firm Clarkson Research, global ship orders totaled 2.49 million CGT (standard cargo ship equivalent tonnage) in October, down 44% from the same month last year. Of which, South Korea accounted for 1.54 million CGT.
, placing it in first place by a large margin behind China, which received orders for 820,000 CGT. This is the first time in eight months that South Korea has topped the list since February. However, the cumulative order amount in South Korea from January to October
8.93 million CGT, which is far behind China at 19.33 million CGT. HD Korea Shipbuilding & Marine Engineering (formerly Hyundai Heavy Industries) has received orders for a total of 143 ships so far, reaching the annual order target of 15.74 billion
It reached 128.2% of the dollar (USD, approximately 2,366.4 billion yen). During the same period, Samsung Heavy Industries also received orders for a total of 26 vessels, reaching 69% of its target of $9.5 billion (approximately 1,428.1 billion yen). Ha
Enfa Ocean has achieved only 21.1% of its order targets, but the company says it has already secured orders for three to four years and is not worried about the future.
Furthermore, in June 2020, Qatar Petroleum, the state-owned oil company of Qatar, signed a contract with three South Korean shipbuilding companies for liquefied natural gas.
Regarding the construction of (LNG) carriers, the fact that an order contract is scheduled to be concluded within this year under a slot contract that secures the shipyard's production capacity will also be a tailwind. HD Korea Shipbuilding and Marine already 1
It has contracts to build seven LNG carriers, and Hanwha Ocean and Samsung Heavy Industries are expected to receive orders for more than 10 ships each.