Shipyards in South Korea are expecting to receive similarly high order levels for LNG-powered vessels this year to those received in 2018, according to experts. Samsung Heavy Industries Co. is seeking to post a 24 percent spike in this year The country, which dominated the market for such vessels last year with 60 orders, is projected to win a similar volume this year as LNG fuel continues to grow in popularity as a marine fuel source. “China has been very aggressive about building new shipyards,” said John Kilduff, an analyst at IHS Markit.
Shipyards in South Korea are expecting to receive similarly high order levels for LNG-powered vessels this year to those received in 2018, according to experts. The country, which dominated the market for such vessels last year with 60 orders, is projected to win a similar volume this year as LNG fuel continues to grow in popularity as a marine fuel source. “China has been very aggressive about building new shipyards,” said John Kilduff, an analyst at IHS Markit.