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.