Korean Shipbuilders Dominate LNG Carrier Orders as Chinese Contracts Fall to Zero

for 88% of the market. Samsung Heavy Industries led with 7 orders, followed by HD Hyundai Samho Co., Ltd. with 5, and Hanwha Ocean with 2. The remaining 2 orders went to the United States and will be constructed by Hanwha Philly Shipyard, a subsidiary of Hanwha Ocean. The orders were placed by Hanwha Ocean’s subsidiary, Hanwha Shipping. In a significant shift, Chinese shipyards, which previously competed closely with Korea, did not secure any LNG carrier orders during this period.