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China is making fast inroads in the market for newbuilt LNG tankers as global shipowners turn to its shipbuilders, rather than S. Korean ones with higher costs Three Chinese shipyards won nearly 30% of record 163 orders in 2022, worth an estimated $9.8 billion, about five times their 2021 order values The Shanghai-based Hudong-Zhonghua Shipbuilding is the only Chinese yard with experience building large LNG carriers, delivering dozens going back to 2008 Four other yards, including the time-honored Jiangnan Shipyard were certified to build large LNG carriers in 2022, attracting more foreign orders LNG tankers, like aircraft carriers, are among the most difficult vessels to build, taking up to 30 months For membrane-type containment tanks alone, 200 workers spend two months welding barrier walls made of paper-thin steel and 130 km of connecting lines By late November, Chinese yards had grown their LNG order books to 66 from 21, giving them 21% of global orders worth around $60 billion __________________ ShanghaiEye focuses on producing top-quality contents. Nobody knows SHANGHAI better than us. Please subscribe to us ☻☻☻ __________________ For more stories, please click ■ What's up today in Shanghai, the most updated news of the city ■ Amazing Shanghai, exploring the unknown corners of the city, learning the people, food and stories behind them ■ What Chinese people's lives are like during the post COVID-19 period ■ Views of foreign scholars on China and its affairs ■ Foreign faces in Shanghai, people living in this city sharing their true feelings ■ Mini-docs showing why China is the country it is today __________________ ☎Leave us messages if you have any suggestions or questions! Thank you!
