Hudong-Zhonghua Shipbuilding (Group), China’s only large LNG carrier builder, plans to double its annual output of these high-value vessels to 12 before 2025.

Speaking to TradeWinds, Hudong-Zhonghua president Chen Jun says it currently delivers four to six LNG carriers per year.

“This is a small number of ships if we compare it to other LNG shipbuilding countries like South Korea,” he says. “With this few vessels, it will not encourage the growth and supply of domestic LNG equipment makers.