A recent study showed that South Korea’s top shipyards have retained their leading market share despite record drops in sales.

The May edition of Clarksons Research’s report on global shipbuilders unveiled Thursday said Daewoo Shipbuilding Marine Engineering’s(DSME) Okpo shipyard as of late April had pending orders of 114 ships or about seven-point-65 million compensated gross tonnage(CGT), a measurement of how much work is needed to build a ship.

The report said Daewoo's CGT is the world’s largest.

Samsung Heavy Industries’(SHI) Geode shipyard had pending orders of 82 ships or about four-point-46 million CGTs. Hyundai Heavy Industries’ (HHI) Ulsan shipyard had pending orders of 92 orders, or about five-point-zero-six million CGTs.

Hyundai Samho Heavy Industries, an affiliate of HHI, retained pending orders of 81 ships or about three-point-three million CGTs.

The four shipyards had retained the world’s leading market share in March.

In fifth was China’s Shanghai Waigaowiao Shipbuilding, with pending orders of 79 ships or about three-point-15 million CGTs, while in sixth came Hyundai Mipo Dockyard with retained orders of 102 ships, or about two-point-25 million CGTs.

HHI had the world’s largest amount of pending orders while DSME came second. Japan’s Imabari Shipbuilding was third while SHI was fourth.