CMES And DSIC Signs Deal Worth $380M

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  • China Merchants Energy Shipping has ordered two more 175,000-cbm LNG tankers from China’s Dalian Shipbuilding Industry (DSIC).
  • CMES said it would take delivery of these vessels in the second half of 2026.

CMES orders another LNG carrier duo at Dalian Shipbuilding, inks deal for more vessels, reports LNG Prime.

CMES and DSIC

Recently, CMES had placed an order for two LNG carriers for $380 million from DSIC. 

The two firms had signed the deal on September 24.

Scheduled for delivery in the second half of 2025 and the first half of 2026, these dual-fuel LNG carriers will feature GTT’s Mark III Flex membrane containment system.

CMES signed LNG carrier charter deals last month with Sinochem worth up to $2.5 billion, hence, three out of four of these LNG carriers will go on charter to Sinochem.

Key points

Under the contract, the company’s unit CMES LNG Carrier Investment will charter three LNG carriers to Sinochem Oil Shipping (Singapore).

The deals will have a duration of 30 years, starting in the second half of 2025.

Besides the order for the two new LNG carriers, CMES said it has also signed a letter of intent with DSIC for the construction of 2+2 175,000-cbm LNG carriers.

CMES did not furnish the price tag for the new LNG carriers, but it will be higher than $200 million per vessel.

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Source: LNG Prime