KHI to Build LNG Carriers Abroad

KHI to Build Cheaper LNG Carriers Abroad

Kawasaki Heavy Industries (KHI) is planning to construct LNG carriers abroad in an effort to lower costs and take a market share from rivaling Korean companies.

With present currency levels, the company finds its Chinese ventures to be more cost competitive than Korean shipyards, Bloomberg reports.

Akio Murakami, head of Kawasaki Heavy’s shipbuilding and offshore division said: “Our Chinese venture, Nacks, has built a variety of vessels so far, and LNG and LPG carriers are the only area that has yet to be handled.”

He also stated that the company expects many orders once it delivers first good contracts and vessels.

The company estimates that the cost at its Chinese facilities are 20 percent lower than Korean yards.

Chinese venture has been building large-sized bulkers and very large crude carriers with LNG carriers only being constructed in Sakaide, Japan, and the company is planning to change that.

LNG World News Staff, June 25, 2014

Share this article

Follow LNG World News

3 thoughts on “KHI to Build LNG Carriers Abroad”

  1. Pingback: wallace
  2. Pingback: eugene
  3. Pingback: jim

Comments are closed.

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >