China secured 76% of global shipbuilding orders in Apr

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Chinese companies secured 76% of global shipbuilding orders in April, making it the world's top shipbuilder, according to Clarkson Research, a provider of shipping and trade data.

In April, global shipbuilding orders reached 4.71 million compensated gross tons (CGT) for 121 vessels, marking a 24% increase from a year earlier, and Chinese firms secured 3.58 million CGT, or 76% of the total, for 91 vessels, ranking the first, followed by South Korea with 670,000 CGT for 13 vessels, showed the data.

In addition, as of the end of April, unfinished orders . . .

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