YEREVAN, AUGUST 1, ARMENPRESS. The economic and political ties between the Republic of Armenia and the Republic of Korea (South Korea) are not active and the annual trade volume is low, however a South Korean economist believes that the two countries have big potential for enhancing cooperation in a number of areas.
New shipbuilding orders are forecast to decrease next year. This is because container shipping companies which aggressively placed shipbuilding orders due to high shipping rates are more likely to decrease their orders. Investment in container ships, which pushed up new shipbuilding orders in 2021, will slow down in 2022, forecast the Overseas Economic Research Institute .
Korea Leading Global Shipbuilding Industry | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Feb 10, 2021 (Gmt+09:00)
ENG
South Korean shipbuilders won the most shipbuilding orders worldwide in 2020, overtaking China and claiming the lead in the global shipbuilding industry. Korea accounted for 42.6% of the global orders – the highest figure in the past decade – despite a drop in orders due to the COVID-19 crisis. The impressive performance is owing to the Korean shipbuilding industry’s outstanding technology and quality.
South Korean shipbuilders won the most shipbuilding orders worldwide in 2020, overtaking China and claiming the lead in the global shipbuilding industry. Korea accounted for 42.6% of the global orders – the highest figure in the past decade – despite a drop in orders due to the COVID-19 crisis. The impressive performance is owing to the Korean shipbuilding industry’s outstanding technology and quality.