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2014-08-06 18:10:00

CHINA: MORE LNG TANKERS

CHINA: MORE LNG TANKERS

Chinese shipyards are aiming to take some $10 billion in orders for new LNG tankers over the rest of the decade, part of a plan to restructure the country's ailing shipbuilding sector and secure China's energy supply chain.

The push to build its own natural gas delivery vessels will boost China's capability in high-tech ships and pose a challenge to South Korean and Japanese shipyards that have been the main suppliers of large gas tankers for 30 years.

Up to 50 liquefied natural gas (LNG) tankers, or more than 20 percent of the 225 LNG vessels expected to be added worldwide by the end of 2020, are set to be…

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Tags: CHINA, LNG, GAS, TANKER
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