Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Shenzhen Gas orders LNG carrier at Hudong-Zhonghua Shipbuilding

Photo: Scott Graham - Unsplash Scott Graham - Unsplash.jpg
Shenzhen Gas has ordered an LNG carrier at CSSC Hudong-Zhonghua Shipbuilding as it expands its business in the sector.

Shenzhen Gas will establish a single ship company in Hong Kong via its Hong Kong subsidiary to purchase a new 79,960 cu m LNG carrier at a cost of $121m. A third party ship manager will be hired to operate the vessel upon delivery.

The vessel will have an annual transportation capacity of 700,000 tons of LNG.

 Shenzhen Gas said it aimed promote the integration of its upstream and downstream of LNG businesses, acquire its own LNG carriers and establish a self-controlled LNG transportation system, during the 14th five-year period.

The company expects LNG carrier investment to generate stable returns given the the increasing demand for LNG.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish