China Sate Shipbuilding Corporation’s (CSSC) arm, Hudong-Zhonghua Shipbuilding, had made a breakthrough in large-size LNG carrier construction market and inked orders for 37 newbuildings in 2022.
An average of more than three new LNG carriers were ordered every week of last year, boosting the orderbook to 323 ships, 49% of the fleet. The sector is likely to continue to expand as LNG becomes an increasingly important component of the global...
Bureau Veritas (BV) has issued the certificate to Shanghai Zhongchuan NERC-SDT Company, subsidiary of MARIC, for LNG Fuel Gas Automatic Control Unit, Model Gas MAC system, the first of this type certificate in China.
China State Shipbuilding Corporation (CSSC) has made breakthrough in large-size LNG carrier construction market and securing 49 large-size LNG carrier orders in 2022.
China Merchants Industry and an undisclosed European owner have entered into a contract for the construction of four 180,000 cu m LNG carriers plus four options.
LNG shipping is booming and shipyard capacity is extremely tight, but as new tonnage hits the water mid-decade it could outstrip liquefaction capacity growth heading to a market slump warns Maritime Strategies International (MSI).
LNG shipping rates of $500,000 have hit the headlines but the reality is the spot market remains small and investors in the sector are attracted by its long-term fixed contracts.
LNG shipping is seeing exceptional strength, already fueled by geo-political vagaries, and with the impact of winter weather patterns yet to be determined.
