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Policy & Regulation

South Korea WTO claim could raise carrier costs

Japan is challenging South Korea's support of its major shipyards, which could increase the cost of building LNG carriers Japan is challenging South Korea's support of its major shipyards, which could increase the cost of building LNG carriers.
By Andrew Walker 24 January 2019 Asia Pacific / LNG 0 33863
An FPSO being build at South Korea's DSME shipyard. (Inpex Australia)

The key issue: Japan has taken a challenge to the World Trade Organization regarding the state support given to South Korea’s major shipyards, a move that could have an impact on the cost of building LNG carriers.

Interfax Analysis: Japan has reported South Korea to the World Trade Organization (WTO) over state support given to the shipbuilding industry, claiming it gives Korean shipyards a competitive advantage in the construction of LNG vessels. If Japan is successful in its challenge, South Korea’s shipyards could see some...