LNG Power Shipping (LPS) a Shanghai-based firm has ordered 200 LNG-fuelled vessels.
Shanghai-based LNG Power Shipping (LPS) company engages in construction, waste disposal and material supply business. The company has ordered for 200 LNG-Powered vessels. Shipbuilding contract with Honghua Offshore is signed for RMB650m ($104.6m).
The order consists of one hundred 750dwt vessels, fifty 950dwt vessels and fifty 1,350dwt vessels, which will serve for domestic waste transport along Shanghai’s inland river.
Honghua Offshore has received its first inland river vessel order. This order is the second batch of vessel orders LNG Power Shipping has placed this year. Earlier they had ordered from Jiangsu Qinfeng Shipbuilding.
LNG Power plans to invest in 600 LNG-powered ships within the next three years.