S. Korean Shipbuilding Orders Fall 30 Percent

New orders received by South Korean shipbuilders fell 30.3 percent in the first eight months of this year from a year earlier, according to provisional figures from the Korea Shipbuilders' Association. Orders in the eight-month period totaled 4.58 million gt for 94 ships, compared with 6.58 million gt for 116 ships in the same period a year earlier.