Korea shipbuilders face LNG carrier price squeeze as North America orders seen next year

AI Summary

South Korean shipbuilders are concerned that the LNG carrier market may be cooling, with freight rates falling and newbuild prices declining amid competition from China. The report says North American orders may arrive next year, but does not provide further detail in the supplied description.

Some in the shipbuilding industry are voicing worries that the liquefied natural gas (LNG) carrier market has peaked and is set to cool. Freight rates for LNG carriers are falling, and new order prices are coming down amid competition with China. LNG carriers are the flagship high-margin vessel type where Korean shipbuilders have shown strength. ...