China’s Hudong-Zhonghua bags order for LNG carrier trio

China’s Tianjin Southwest Maritime has teamed up with CSSC Shipping, the leasing unit of CSSC, to order three 174,000-cbm LNG carriers at Hudong-Zhonghua, according to shipbuilding sources.

Following delivery in 2028, all of the three LNG carriers would start serving a unit of Chinese independent gas distributor ENN under long-term charter deals, the sources told LNG Prime.

Brokers reported during this week that each of the LNG carriers has a price tag of about $250 million.

However, the sources said that this price is probably too high for one 174,000-cbm LNG newbuild in China. The price could be about $235-$240 million per vessel.

One shipbuilding source said that the new LNG carriers would be similar to the six vessels Hudong-Zhonghua is building for Japan’s MOL and compatriot CNOOC.

Part of Hudong-Zhonghua’s fifth-generation Changxeng series, these 299 meters long vessels would feature WinGD’s X-DF dual-fuel engines and GTT’s NO96 Super+ containment system.

Prior to this order, Japan’s shipping giant MOL signed a deal to charter three newbuild LNG carriers to a unit of Chinese independent gas distributor ENN.

MOL ordered these vessels at Hudong-Zhonghua as well with delivery set by 2028.

After delivery, the vessels would be engaged mainly in transport of LNG, procured by ENN under long-term purchase contracts, to China.

ENN operates a large LNG terminal in the Zhoushan area of Zhejiang province.

- Advertisements -

Most Popular

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Sempra takes FID on Port Arthur LNG project

US LNG player Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase...

Excelerate to buy FSRU from Maran Gas

US floating LNG player Excelerate Energy plans to exercise an option to buy the 2020-built FSRU Sequoia from Greece’s...

More News Like This

Hudong-Zhonghua delivers third LNG carrier to Cosco and PetroChina

Chinese shipbuilder Hudong-Zhonghua has delivered the third LNG carrier to compatriot Cosco Shipping Energy Transportation and PetroChina. Hudong-Zhonghua handed over...

CMA CGM looking to order new LNG-powered giants

French shipping giant CMA CGM is looking to order more ultra-large LNG-powered containerships in China and South Korea, according...

GSI delivers two LNG-powered tankers

China’s Guangzhou Shipyard International (GSI) has delivered LNG-powered tankers to a joint venture of Singapore’s Hafnia and CSSC Shipping,...

Hudong-Zhonghua kicks off work on CMA CGM’s LNG-fueled containership

Chinese shipbuilder Hudong-Zhonghua has kicked off construction on the fifth of six LNG-powered 13,000-teu containerships it is building for...