China poses a threat to the dominance of South Korea’s LNG shipbuilder specialists
TWO of South Korea’s largest shipbuilders, Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering, are the top dogs when it comes to building liquefied natural gas carriers. Samsung Heavy alone has more than 30% of the LNG carrier market, although the newbuilding frenzy seen over the last two years has eased, writes Keith Wallis.
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