Chinese builders escalate LNG carrier push, squeezing Korea’s lead

AI Summary

China's Hengli Heavy Industry Group is entering the LNG carrier segment, intensifying competition with South Korean shipbuilders. If it proceeds, Hengli would become the sixth Chinese shipbuilder capable of building LNG carriers, a technically demanding vessel class.

Hengli Heavy Industry Group, the shipbuilder that won the most orders in China in the first half of this year, is moving into the liquefied natural gas (LNG) carrier segment, which has a high technical barrier. If Hengli Heavy Industry actually starts building LNG carriers, it will become the sixth shipbuilder in China capable of ...