Nuclear Crisis May Be ‘Landmark’ for LNG Tankers, Mirae Says

Renewed concerns about atomic power triggered by an earthquake and nuclear crisis in Japan may spur orders for $202 million liquefied-natural gas tankers already in short supply, according to Mirae Asset Securities Co.

“The earthquake is a landmark event for the shipbuilding industry,” Lee Sokje, a Seoul-based Mirae analyst, said today. “Demand for LNG is going to grow as a source of alternative energy, which could lead to a shortage of vessels. There’s already not a lot available.”