Cosco has placed an order for three LNG carriers at Hudong Zhonghua, reports Splash 247.
LNG Trio
China Cosco Shipping has ordered for the construction of three 174,000 cu m LNG carriers at CSSC-affiliated Hudong Zhonghua Shipbuilding.
Vessels design & Value
- The vessels will adopt Hudong Zhonghua’s “Chang Xing” LNG carrier design.
- Vessels are expected to be delivered in 2022.
- The total value of the contract is RMB3.9bn ($552m).
- The vessels will be used for a LNG shipping project with PetroChina.
Expansion of domestic demand
Liu Hanbo, managing director of Cosco Shipping Energy Transportation, said the construction of the new LNG carriers is –
a response to the government’s call to expand domestic demand.
COSCO fleet
The three new vessels will expand Cosco’s LNG carrier fleet to 41 vessels with total capacity of 6.94m cu m.
COSCO’s other LNG contract
In April, Hudong Zhonghua secured a $19bn contract from Qatar Petroleum to build up to 16 LNG carriers.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Splash 247
