LNG carriers must be able to safely transport liquid gas at temperatures below -163°C and require highly advanced technology, costing over KRW 300 billion per vessel. Only nine countries around the world have successfully built the cutting-edge fleet. There are 680 LNG carriers presently in the water, three-quarters of which were built by Korean shipyards, and the construction of another 256 vessels are underway.
Korean shipyards raked in US$13.6 billion worth of global ship orders in 1Q24, winning 100% of total LNG and ammonia carrier orders. The high-value orders won in 2021 have entered the export stage this year as well.
