The three leading Korean shipbuilders—Samsung Heavy Industries, HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HD KSOE), and Hanwha Ocean—have dismissed concerns of a supply glut stemming from a surge in Chinese LNG carrier orders. During their recent earnings calls, the companies described the increased Chinese activity, which has brought vessel prices approximately 10% below Korean levels, as a chance to raise pricing and boost profitability. Despite initial industry worries about eroding Korea's LNG carrier dominance and falling prices, the Korean firms see the situation as strengthening their market position.