Newbuild orders at Chinese yards up 63.8% in first 11 months of 2023

China's marine economy GDP exceeds 9 trillion RMB

First home-grown large cruise ship to undock in Shanghai

Financial summit sees contracts worth over $10b signed between China, Singapore

Korea’s major shipbuilders are landing orders for high-priced ships. They have already secured orders enough to keep them busy for the next three to four years, and their shipbuilding slots have already been fully filled. They are planning to selectively win orders for high-priced and high-value-added ships such as liquefied natural gas (LNG) carriers and eco-friendly fuel-powered ships in 2023.