The War-Driven LNG Order Boom: 5 Reasons the Hormuz Blockade Crisis Is Pushing Korea's Shipbuilding Big 3 into an LNG Carrier Order Cycle

As the Iran war intensifies the risk of a Hormuz Strait blockade, LNG carrier freight rates have doubled in a single day and new orders are flooding in. Korea's shipbuilding Big 3 already hold a 3.5-year order backlog and are expected to secure 72 of the 77 LNG vessels ordered globally in 2026.