South Korea’s Shipyards Cash In as U.S. Squeezes China

Key Points — South Korea’s share of global shipbuilding orders jumped seven points to 20.6% in 2025, while China’s fell eight points to 62.7% after Washington imposed port fees on Chinese-built vessels — HD Korea Shipbuilding posted record revenue of 29.9 trillion won ($20.5 billion) and nearly tripled its operating profit, with a 2026 order […]