CNOOC to fuel GNG Ocean’s 50 small LNG-powered bulkers

China National Offshore Oil Company (CNOOC) said on Tuesday it signed a deal to supply LNG to GNG Ocean Shipping’s recently ordered fleet of small bulk carriers.

CNOOC said in a statement that its gas and power unit would fuel the 50 LNG-powered vessels, but the state-owned energy giant did not reveal any additional information.

To remind, Zhujiang Shipping, a unit of state-owned GNG Ocean, said earlier this month it chose China State Shipbuilding Corporation’s Guijiang Shipbuilding to build the LNG-powered bulkers.

It will deploy the ships on the Pearl River in Guangdong province.

Guijiang will build twenty-five 2,000 dwt vessels and the same amount of 3,000 dwt carriers.

In addition, the deal has a price tag of about 659 million yuan ($101 million).

All the vessels would feature only LNG propulsion, according to Zhujiang Shipping.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

More News Like This

China’s CNOOC hits new Zhuhai LNG milestone

China National Offshore Oil Company (CNOOC) has reached a new milestone at its Zhuhai LNG import terminal in Guangdong.

CLP, CNOOC wrap up largest LNG bunkering op in Hong Kong

Hong Kong's CLP and China National Offshore Oil Corporation (CNOOC) have completed what they claim is the largest single LNG bunkering operation in Hong Kong to date and the city‘s first ship-to-ship LNG bunkering with simultaneous cargo handling.

Hudong-Zhonghua launches LNG carrier

Chinese shipbuilder Hudong-Zhonghua has launched one 174,000-cbm liquefied natural gas (LNG) carrier it is building for NYK and CNOOC.

CNOOC’s Binhai LNG terminal gets 100th cargo

China National Offshore Oil Company (CNOOC) has received the 100th cargo at its giant Binhai LNG import terminal in Jiangsu.