Chinese shipbuilders chase South Korean rivals on LNG carriers

Investment spree spurred by war in Ukraine raises concerns of a supply glut

20221031N LNG ship

Demand for LNG carriers is rising as the war in Ukraine disrupts pipelines from Russia. (Photo courtesy of Samsung Heavy Industries)

SHIN WATANABE, KOTARO HOSOKAWA and KAE SUEFUJI, Nikkei staff writers

DALIAN, China/SEOUL/TOKYO -- Chinese shipbuilders are mounting a challenge against leading South Korean players on liquefied natural gas carriers, though their race to expand production amid the Ukraine war is raising concerns of a supply glut down the line.

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