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South Korea's shipyards secure strong orders, reclaiming over 20% global share

30 Dec 2025 16:28 reported by Vicky Wang

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Clarkson Research's latest report reveals that in the first 11 months of 2025, South Korean shipbuilders clinched new ship orders totaling 10.03 million compensated gross tonnage (CGT) across 223 vessels, capturing 22% of the global market. 

Even amidst a sluggish international shipbuilding market, South Korea remains resilient thanks to its high-end vessel designs and technological prowess. Experts predict that after a year-end push, its market share will steadily exceed 20%, highlighting its remarkable market resilience. 

While China initially led the market with low prices, its advantage is gradually diminishing, and US policies are further fueling South Korea's comeback, subtly reshaping the overall industrial landscape.

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