{
  "id": 19406888,
  "title": "Korea shipbuilders face LNG carrier price squeeze as North America orders seen next year",
  "url": "https://urgent.news/2026/11/10/korea-shipbuilders-face-lng-carrier-price-squeeze-as-north-america",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T22:00:49.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/korea-shipbuilders-face-lng-carrier-price-squeeze-as-north-america-orders-seen-next-year/"
  },
  "original_language": "en",
  "account": "The liquefied natural gas (LNG) carrier market appears to be reaching a peak, with concerns rising among shipbuilding stakeholders. Falling freight rates and decreasing new order prices are causing worry, particularly as China competes fiercely in this high-margin vessel sector. Despite this, some analysts believe the boom is not over, expecting an uptick in orders from LNG liquefaction projects in North America. Korean shipbuilders are banking on these orders, anticipating them to begin flowing from the United States and Canada starting next year. Currently, Korea accounts for 57.9% of the 76 large LNG carriers ordered from January to October this year, with China taking 42.1%. However, demand has slowed in the second half of the year, with only 17 orders placed through October. LNG carrier freight rates have plummeted by about 23% on the Atlantic route and 40% on the Pacific route, compared to early this year. Shipbuilders are also watching a declining new building price for LNG carriers, which has fallen from an average of $248 million in January to $245 million in October. Despite the market's challenges, some experts remain optimistic, citing the potential for a surge in demand due to upcoming LNG liquefaction projects in North America, such as Commonwealth LNG, Delfin LNG, and LNG Canada Phase 2.",
  "summary": "Some in the shipbuilding industry are voicing worries that the liquefied natural gas (LNG) carrier market has peaked and is set to cool. Freight rates for LNG carriers are falling, and new order prices are coming down amid competition with China. LNG carriers are the flagship high-margin vessel type where Korean shipbuilders have shown strength. ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}