Korea Shipbuilding & Offshore Engineering (KSOE) has set a $13.3bn newbuilding order target for its three shipyards in 2023, down by 12% from last year.
Last year, the South Korean group signed around $22.84bn worth of newbuildings contracts against its target of $15.05bn.
The scaling down this year will largely centre on Mokpo-based Hyundai Samho Heavy Industries.
