Shanghai: Kawasaki Heavy Industries (KHI) plans to build LNG carriers at its joint venture shipyards in China by 2018, Japanese financial media Nikkei reports.
KHI plans to put more investment into its joint venture shipyard with Cosco, Nantong Cosco KHI Ship Engineering (NACKS), to give the yard annual capacity for two LNG carriers by 2018 and it is also considering to build LNG carriers at Dalian Cosco KHI Ship Engineering (DACKS) if orders increase.
KHI expects to lower costs by 30% by building the vessels in China. [11/09/13]
