China's share in the global LNG carrier market exceeds 30%, with domestic LNG carrier orders extending beyond 2030
China has significantly increased its share in the global LNG carrier market, now holding over 30%. This growth is highlighted by the commencement of construction for a new, advanced 271,000 cubic meter LNG carrier, which boasts a 57% increase in cargo capacity compared to traditional vessels. The shipyard, Hudong-Zhonghua Shipbuilding, has a backlog of nearly 60 LNG carrier orders, securing production schedules through 2030 and beyond. AI
IMPACT This development in shipbuilding capacity and technological advancement in LNG carriers has minimal direct impact on AI operators.