The builders saw more than double in the first five months of the year, even as contracted in an economy strained by higher US tariffs and lingering deflationary pressure. The biggest LNG shipbuilder, the Hudong-Zhonghua shipyard, will deliver 10 tankers by year-end — contributing to a national record — and has an orderbook of 150 billion yuan ($21 billion) for 60 vessels waiting to be delivered by 2031, according to national Chinese Central Television.
Global LNG vessel deliveries rose more than 60% to 67 units last year, taking the global fleet to 831, with another 103 scheduled to be delivered in 2025, the International Group of LNG Importers. The orderbook represents almost half of existing fleet capacity, it said.
China’s manufacturers have halved construction time for LNG tankers to 15 months, partly by meeting 80% of requirements from local supply chains, according to CCTV. The nation is expected to have built 15% of the global LNG fleet once all orders are complete — more than double current levels — but will still trail far behind top shipbuilder South Korea, BloombergNEF.
The boiler system of the Adora Flower City has been fired up for the first time. Note the boilers are not for propulsion but are for onboard heating, providing hot water, and so on.
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a lot of it comes from Qataris who cannot use pipeline to export gas.Demand for LNG tankers must be huge given the EU LNG shortfall.
Interesting. Surprised S.Korea is still dominating LNG tankers so much though, giving their small size and limited skilled labor compared to china
Interesting. Surprised S.Korea is still dominating LNG tankers so much though, giving their small size and limited skilled labor compared to china
Yes I’m really surprised by South Koreas performance to be honest. In many sectors they punch wayyyyyy above their weight/size. It’s really impressive. Can only imagine how powerful they will be if they had even half of China’s size. Guess it’s a good thing Korea is divided actually. They will be even more powerful if they were united I guess.Korean yards have been building LNG tankers for decades. Chinese yards only really entered the sector in the past few years, when there simply wasn't enough capacity in Korea to handle global orders.
And Korea is comfortably #2 in shipbuilding, they punch way above their weight.
Yes I’m really surprised by South Koreas performance to be honest. In many sectors they punch wayyyyyy above their weight/size. It’s really impressive. Can only imagine how powerful they will be if they had even half of China’s size. Guess it’s a good thing Korea is divided actually. They will be even more powerful if they were united I guess.