In its monthly newsletter published Tuesday, HHI said it clinched orders worth US$19,834 million last year, down 27.5 percent from $27,363 million tallied in 2013. The figure marks the lowest in two years.
The plunge came as the global shipbuilding market shrank sharply, amid concerns about global economic uncertainties and following the drop in international oil prices.
According to international market researcher Clarkson Research Service, shipbuilding orders issued worldwide plunged 34.7 percent to 39.69 million compensated gross tons (CGTs) on-year in 2014.
reporter
Park Sae-jin
swatchsjp@ajunews.com
