For example, Nantong COSCO KHI Ship Engineering began this month to build its first vehicle carrier powered by liquefied natural gas, which can transport 3,800 cars, in a bid to compete with South Korean shipbuilders and grab more high-end ship orders in the global market.
The shipyard in Jiangsu also plans to build its first LNG carrier later this year, and it intends to have an annual production capacity of two LNG carriers by 2018.