China’s DSIC wins first large LNG carrier order

China’s Dalian Shipbuilding Industry (DSIC) has secured its first order for large liquefied natural gas (LNG) carriers.

CSSC’s DSIC said in a statement on Thursday it has signed a shipbuilding deal for two 175,000-cbm LNG tankers with China Merchants Energy Shipping (CMES), a unit of China Merchants Group.

The deal also includes an option for two additional vessels.

According to DSIC, the LNG dual-fuel ships will have a length of 295 meters and a width of 46.4 meters.

Also, both of the vessels will feature GTT’s Mark III Flex cargo containment system.

This order marks DSIC’s entry into the construction of large LNG carriers, adding to Chinese shipbuilders Hudong-Zhonghua and Jiangnan Shipyard.

Besides being the first large LNG carrier contract, this marks also the first order for DSIC in the LNG carrier market, including smaller vessels.

The yard has one LNG bunkering vessel on order owned by independent gas distributor ENN.

DSIC did not reveal the price tag or the delivery dates for the two new LNG carriers.

To remind, CMES revealed this development last year. CMES said in December it was planning to place the order for two 175,000-cbm vessels at DSIC for about $380 million.

CMES confirmed in a separate statement issued on Thursday it would pay $380 million for the two carriers while the price tag for the two optional vessels would reach $400 million.

The firm expects to take deliveries of the vessels in the second half of 2025 and the first half of 2026.

(Updated on Friday, April 1, 2022, to add a statement from CMES)

- Advertisements -

Most Popular

US to increase LNG supplies to UK under new deal

The US will boost supplies of liquefied natural gas (LNG) to UK terminals under a new deal revealed on...

Adani, TotalEnergies nearing completion of Dhamra LNG terminal in India

India's Adani and France's TotalEnergies have almost completed their Dhamra LNG import facility located in Odisha, on India’s east...

Trinidad, Shell, BP move forward with Atlantic LNG restructuring plans

Trinidad and Tobago has signed a restructuring deal with the shareholders of LNG producer Atlantic LNG, including Shell and...

More News Like This

CMES says to order two more LNG carriers at DSIC

China Merchants Energy Shipping (CMES), a unit of China Merchants Group, said it would order two more 175,000-cbm LNG...

ENN’s newbuild wraps up first LNG bunkering op in Yantian port

State-owned energy giant CNPC said it had completed the first ship-to-ship LNG bunkering operation with ENN's newbuild in the...

DSIC kicks of work on LNG-powered CO2 carriers for Northern Lights JV

China’s Dalian Shipbuilding Industry (DSIC) has started building two LNG-powered CO2 carriers for Norway’s Northern Lights, a joint venture...

China’s Jiangnan inks deal for LNG carrier duo worth $460 million

China’s Jiangnan Shipyard has signed a letter of intent to build two liquefied natural gas (LNG) carriers worth about...