Prevailing bullishness among the elite of the shipbuilding world does not mean that yards can afford to overlook the need for continuous development in production and design. Uptake of larger containerships could lead Hyundai Heavy Industries to reconsider the way it builds its hulls, for example, according to Chul-Hee Lee, HHI senior vice president project planning office, shipbuilding division, containership production. Containership demand has been growing fast and now represents over 50% of the output from the world's largest shipbuilder. Liquefied natural gas carrier and liquefied petroleum gas carrier production represent the next largest share of production, and is running at around 20%-25% of HHTs output, with tankers and other ships, such as bulk carriers, behind.
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