$10bn LNG tanker orders by 2020 - China Shipyard

[michaeljordan]

China shipyard push to build its own natural gas delivery vessels. It is going to built nearly 225 LNG vessels that are expected to be built by the end of this decade.Japanese shipyards that have been the main suppliers of large gas tankers for 30 years.With this large order for building new natural gas LNG tankers will boost China shipyard in future.
Details:

[Phil English]

"....It is going to built nearly 225 LNG vessels that are expected to be built by the end of this decade."

This is nonsense.

Complete misquote of the article which, in itself, is questionable (South Korea has overtaken Japan in the LNG shipbuilding stakes). China currently has less than 10% of the global orderbook for large LNG carriers. They have aspirations which they may or may not meet.

The whole article is a typical Chinese marketing ploy.

Brgds
Phil