S. Korea retakes No. 1 spot in global shipbuilding orders in Oct.

South Korea regained the top spot in new global shipbuilding orders for the first time in three months in October, industry data showed Tuesday.

Local shipyards clinched orders totaling 1.54 million compensated gross tons to build 18 ships, accounting for 62 percent of the global total of 2.49 million CGTs last month, according to London-based Clarkson Research Services.

The world total decreased 44 percent from the same month a year earlier.

China placed second with 820,000 tons to construct 34 vessels, taking up 33 percent of the global total.

Korea rose to the No. 1 place in July but lost the top position to China in the following two months.

In terms of order backlog, China topped the list with 59.06 million CGTs, or 48 percent of the global total at 122.58 million CGTs as of end-October, which was down 410,000 CGTs from the prior month.

South Korea came second with 38.68 million CGTs, accounting for 32 percent of the world total.

Clarkson's Newbuilding Price Index, a barometer of price changes in newly built ships, came to 176.03 points last month, up 14.06 points from a year ago. (Yonhap)