Chinese Shipbuilders Thrive Amidst Surge in Orders
China News
April 1, 2024
Chinese shipbuilding firms are experiencing a surge in orders, signalling a busy year ahead in 2024. A shipbuilder based in Dalian, northern China, recently announced securing a significant order for crude oil carriers from European clients. The uptick in orders comes amidst projections of a more than 50 percent increase in global liquefied natural gas demand over the next decade, driving the need for additional shipping capacity.