China Overtakes Korea LNG Carrier Orders, Challenging Korea’s Market Lead

AI Summary

China won more large LNG carrier orders than South Korea in October, taking five of seven orders reported by Clarkson Research. The result challenges South Korea’s longstanding lead in this high-value shipbuilding segment.

South Korea’s long-standing lead in the global market for large liquefied natural gas (LNG) carriers is facing growing competition. China secured more LNG carrier orders than Korea in October, challenging its position in the high-value shipbuilding segment. According to Clarkson Research, a British shipbuilding and shipping market research firm, China secured five of the seven ...