02-07-2025
China's LNG Shipbuilders Defy Slowdown as Record Deliveries Seen
Chinese shipyards building liquefied natural gas tankers are defying the nation's economic slowdown as strong demand sees them set to deliver a record number this year.
The builders saw income more than double in the first five months of the year, even as industrial profits contracted in an economy strained by higher US tariffs and lingering deflationary pressure. The biggest LNG shipbuilder, the Hudong-Zhonghua shipyard, will deliver 10 tankers by year-end — contributing to a national record — and has an orderbook of 150 billion yuan ($21 billion) for 60 vessels waiting to be delivered by 2031, according to national broadcaster Chinese Central Television.
