Chinese shipbuilding industry

Some more LNG related news.

1. Hudong Zhonghua delivered only 11 LNG vessels in 2025. China total delivered 15 LNG carriers. Korea meanwhile delivered 63 LNG Carriers in 2025 alone, >4x China's delivery.
2. Hudong Zhonghua is fully booked for LNG Carriers until 2029, which means next slot is available only in 2030.
3. Industry projections (GTT, and other non-Koreans) are for around 150 LNG Carrier orders this year.
4. "Hudong Zhonghua is rapidly expanding its LNG carrier business, with the company opening a new $2.5 billion LNG carrier yard in Changxingdao, north of Shanghai, in May 2025, increasing its annual LNG carrier construction capacity from six to ten"
5. Dalian, Jiangsu, CMHI Jiangsu are recent entrants in LNG Carrier business
6. LNG carriers are the only vessel type where Korea, the world's second-largest shipbuilder, holds an advantage over China
7. Beginning of the year has been strong for China in getting LNG orders, but they are capacity constrained, so Koreans expect people to come back to them in big numbers. (this doesn't mean Korea didn't get LNG orders, just that their market share declined, compared to last year when they had 90% market share)

This is such a wonderful chart of delivery schedules for each of the Korean and Chinese shipyard. (translated from Korean)

CSSC launched 18000t deep sea construction vessel using 711th Institute's self developed IEPS. This complete set of medium-voltage AC electric propulsion has mediun & low volt power distribution, main/side thruster system & DP 2 Dynamic positioning systems.

The vessel is capable of performing subsea cable laying and maintenance tasks in global waters. This propulsion has already been used in NG hydrate drilling vessel 梦想号 and deep-sea technical service vessel 海洋石油 292. It reduces overall energy consumption by 15% vs traditional power distribution schemes.