China overtakes Korea as world's top shipbuilder in 2010

South Korea lost its status as the world's leading shipbuilding nation to China in 2010 for the second straight year as it lagged far behind the neighboring country in key indicators, data showed Wednesday.
According to London-based market researcher Clarkson Research, South Korean shipbuilders won a combined 11.77 million compensated gross tons (CGTs) in new orders last year, while Chinese shipbuilders clinched a total of 15.9 million CTGs.
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Source: Business Ghana