S. Korean shipbuilders overtaken by Chinese rivals in terms of new orders

South Korean shipbuilders were outpaced by their Chinese rivals in terms of new orders received in the first two months of the year, a London-based market researcher said Monday.
Korean shipbuilders such as Hyundai Heavy Industries Co. and Samsung Heavy Industries Co. won a combined 2 million compensated gross tons (CGTs) in new orders in the January-February period, said Clarkson Reseach Studies, a division of Clarkson PLC, the world's leading shipping services provider.