LNG

Chinese shipyards are benefiting from the surge in orders for newbuilds from the liquefied natural gas sector and more LNG berths are being made available, while oil and petroleum product tankers and containership orders are also increasing.

The Asian shipbuilding industry is heading for even tighter competition for orders to build vessels such as LNG carriers, oil tankers and container ships as two of the largest Chinese shipbuilding companies are examining a merger plan at the same time as two of the biggest South Korean shipyard operators are also advancing with a merger proposal.