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FOCUS -South Korean shipbuilders' lock on LNG tanker market to hold for years [Reuters]

Kawasaki Heavy ADR (KWHIY)  More Company Research Source: Reuters
NASDAQ:AMEX Investor Relations: global.kawasaki.com/en/corp/ir
PDF South Korean shipbuilders' lock on LNG tanker market to hold for years | Reuters 8 Min Read SEOUL/TOKYO (Reuters) - South Korean shipyards have boxed out their Japanese rivals from the market for building large ships carrying liquefied natural gas (LNG), winning all of the orders for the next three years worth more than $9 billion. Three South Korean yards - Daewoo Shipbuilding & Marine Engineering (DSME) ( 042660.KS ), Hyundai Heavy Industries ( 009540.KS ) and Samsung Heavy Industries ( 010140.KS ) - have won the more than 50 orders placed for new large-scale LNG tankers for delivery in the next three years, according to data from the companies and two tanker brokers. The bulging orderbook illustrates the dominance the South Korean yards have achieved over their competitors, especially in Japan. It is also sign of how the companies have rebounded from a sector-wide slump only two years ago and how they are positioned to command the sector in the future. “The demand for LNG car [Read more]

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