Chinese shipbuilders won about 40% of new large LNG carrier orders in the first nine months of 2026, chipping away at South Korea's long-held dominance in the high-value segment.
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Clarksons data shows LNG carrier newbuild benchmark prices fell to $245 million, with ultra-large container ship prices also declining. Chinese shipyards' expansion into premium vessel segments is pressuring Korean buil…
Read MoreWith LNG carriers built in the 1990s and early 2000s approaching scrapping age, converting them into floating storage and regasification units is emerging as a new shipbuilding market, though Korean yards have yet to wi…
Read MoreThe global order book reached an estimated 203.2 million CGT as of September 2026, up 13% year on year, with Chinese yards winning 74% of contracts in the past year and holding 64% of the global backlog.
Read MoreThe global order book reached an estimated 203.2 million CGT as of September 2026, with Chinese shipyards securing 74% of new contracts over the past year and holding 81% of containership orders, according to BIMCO.
Read MoreHuaqiutong specializes in China–US cross-border logistics, offering integrated Ocean + Parcel, Ocean + Truck, overseas warehousing, FBA first-mile, and last-mile delivery services.
