China has made concrete progress in shipbuilding. In September 2007, the first LNG (Liquefied Natural Gas) ship made by China State Shipbuilding Corporation (CSSC) will be delivered, reported the state-run Xinhua News Agency on February 19, 2007. The LNG ship has a capacity of around 47,199 cubic meter and is currently under-construction by Hudong-Zhonghua Shipbuilding, an arm of CSSC, the topmost shipping group in China and third largest in the world. The technology of LNG shipbuilding is the most sophisticated in the world and will place the Chinese shipbuilding industry in a more profitable position as against its competitors. Only Japan, Republic of Korea, and some European countries have obtained the technologies to make such kind of ocean liners.