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Business trends

South Korean shipbuilders land $20bn LNG tanker deals with Qatar

Rivalry with China heats up while Japanese players fall by wayside

Hyundai Heavy Industries' Ulsan shipyard. (Photo courtesy of Hyundai Heavy Industries)

SEOUL/DALIAN, China -- Three South Korean shipbuilders have secured roughly $20 billion in contracts to build liquefied natural gas carriers for Qatar, a major win in a growing rivalry between South Korean and Chinese players for leadership in the field.

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