China delivers record LNG carrier as shipbuilding rivalry with South Korea intensifies

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China has delivered its largest-ever liquefied natural gas (LNG) carrier, bringing the number of domestic shipyards capable of designing and building the advanced vessels to five, as the country steps up its challenge to South Korea’s dominance in the high-value sector. The milestone was marked by China Merchants Heavy Industry (Jiangsu), a subsidiary of China Merchants Group, which delivered the 180,000-cubic-metre...