China Merchants Heavy inks LNG carrier deal with Equator Fund

Equator Fund has signed a deal for a mid-sized LNG carrier with China Merchants Heavy Industry, part of China Merchants Group.

The duo signed the agreement for the 45,000 cbm LNG vessel on March 18, according to a statement by China Merchants.

In addition, the vessel features the LNT A-Box LNG tank system, based on LNT Marine’s patented design.

China Merchants and Shenzen-based investment and asset management firm Equator Fund are also working on a 79,000 cbm LNG carrier project, the statement said.

LNG Prime previously reported that the deal includes a 45,000 cbm newbuild. However, several sources said that the contract entails transferring ownership of Saga LNG’s first mid-sized carrier Saga Dawn.

China Merchants Heavy Industry’s Jiangsu yard built the ABS-classed vessel equipped with Wartsila dual-fuel main and auxiliary engines. The vessel currently serves a charter contract with China’s Jovo.

Most Popular

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

LNG carrier orders climb in 2024

The data shows there were at least 78 orders for large LNG carriers in 2024. This compares to about 68...

GTT scores tank gig for Celsius LNG carrier

According to a GTT statement on Tuesday, the LNG tank specialist received the order in the fourth quarter. GTT said...

GTT nets tank gig for Celsius LNG carrier

French LNG containment giant GTT has secured a tank design order from China Merchants Heavy Industry-Jiangsu for one LNG...

Hoegh Autoliners: first LNG-powered PCTC launched in China

China Merchants Heavy Industry in Jiangsu has launched the first LNG dual-fuel pure car and truck carrier it is...