China Delivers Record LNG Carrier, Intensifying Shipbuilding Rivalry
China delivered its largest liquefied natural gas (LNG) carrier to bolster its domestic shipbuilding sector. This achievement enhances China's capacity in high-value vessel construction, escalating its rivalry with South Korea.
China has delivered its largest-ever liquefied natural gas (LNG) carrier, bringing the number of domestic shipyards capable of designing and building the advanced vessels to five, as the country steps up its challenge to South Koreaβs dominance in the high-value sector. The milestone was marked by China Merchants Heavy Industry (Jiangsu), a subsidiary of China Merchants Group, which delivered the 180,000-cubic-metre (6.36-million cubic-feet) vessel on Sunday, according to a company press...