Market Chatter: Three Japanese Shipbuilders Said to Revive Domestic LNG Carrier Production by 2035
Imabari Shipbuilding, Kawasaki Heavy Industries (TYO:7012) and Namura Shipbuilding (TYO:7014) plan to jointly resume building liquefied natural gas carriers in Japan around 2035, Nikkei Asia reported Monday.The effort, which may incorporate South Korean technologies, will pool expertise and skilled welders to build three to five vessels annually, with Kawasaki Heavy's Sakaide yard as a central hub.Japan, which has not built an LNG carrier domestically since a final delivery in 2019, is also considering government subsidies for potential buyers to support the initiative amid rising geopolitical risks, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
