COSCO SHIPPING Energy has ordered four 175,000 m³ LNG carriers from Jiangnan Shipyard in a RMB 6.4 billion deal, with delivery set for 2029 to 2030.
Knutsen Group has ordered another 174,000 cu m LNG carrier at Hanwha Ocean, lifting its LNG portfolio to 52 vessels and extending its 2029 newbuilding pipeline.
Samsung Heavy Industries has secured a $667 million order for five vessels, including one LNG carrier, two VLGCs and two crude oil tankers.
GTT will design cargo tanks for four large-scale LNG carriers using a three-tank configuration, increasing capacity to 177,000 m3 while maintaining terminal compatibility.
K Line has named the 174,000 cbm LNG carrier Diamond Gas Jade at Samsung Heavy Industries for use in the LNG Canada project in British Columbia.
Samsung Heavy Industries has secured a $756 million order from Seapeak for three 174,000 m³ LNG carriers scheduled for delivery in 2029.
South Korea announced its K-Shipbuilding Future Vision, including public vessel orders, KRW 525 billion in technology investment and KRW 16 trillion in trade finance.
China is expanding its shipbuilding lead as Korean yards focus on LNG and LPG carriers, while the China-built Glovis Leader highlights pressure on Korea’s standard vessel sectors.
China has added a fifth LNG carrier builder with Celsius Georgetown, intensifying competition with Korean yards as orders rise, prices tighten and technology gaps narrow.
