South Koreans scoop majority of new LNGC orders

Written by  Ian Cochran
Wednesday, 10 August 2022
Free Read

South Korean shipbuilders have won nearly eight out of 10 orders for LNGCs in the first seven months of this year.

The order book is expected to grow even further with Korea Shipbuilding & Offshore Engineering (KSOE) adding near 2 trill won ($1.5 bill) orders for LNGCs related to the massive QatarEnergy project.

According to Clarksons Research, South Korean shipyards commanded 47% of whole global shipbuilding orders in the first seven months of this year for vessels of all types.

South Korean shipbuilders won almost all LNGC orders thus far this year, during which, a total of 103 LNGCs, of 140,000 cu m and above, were ordered globally, the highest level since Clarksons began data compilation in 2000, the company said.

The yards won orders to build 78 LNGCs in total, which represents 76% of total new orders in the category placed between January and July. 

KSOE won 34 orders, while Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) won 24 and 20, respectively.

Rate this item
(0 votes)

Related Video

Free Read