Taiwan is planning to build up a domestic-owned fleet of LNG carriers to transport its LNG imports as the nation seeks to reduce coal power and phase out nuclear energy by 2025.

The world's fifth largest LNG importer may require as many as 16 vessels to meet the increasing LNG volumes, according to reports by a local news agency.

TradeWinds has learned that dry bulk companies such as U-Ming Marine Transport, Formosa Plastics and Kwang Ming Shipping, the dry bulk arm of liner operator Yang Ming Marine Transport, are keen to get into the LNG carrier business.