COSCO Shipping orders LNG carrier duo from Hudong-Zhonghua for $430 million

China’s COSCO Shipping Energy Transportation, COSCO’s shipping arm, said it has signed shipbuilding deals for two LNG carriers worth about $430 million with compatriot Hudong-Zhonghua.

LNG Hong Kong, a unit of COSCO Shipping entered the deals with CSSC’s Hudong-Zhonghua and China Shipbuilding Trading on May 12.

The two LNG carriers will have a capacity of 174,000 cubic meters and Hudong-Zhonghua will deliver them on or before October 31, 2025 and March 31, 2026, respectively.

In addition, Singapore-based shipping unit of China’s Sinochem will charter these vessels under a long-term deal.

COSCO Shipping said this move is in line with the company’s LNG development strategy, cementing the group’s leading position in China’s LNG transportation industry.

The firm did not reveal any details regarding the vessel’s propulsion and tanks.

One shipbuilding source told LNG Prime that the LNG carriers would feature WinGD’s dual-fuel engines and GTT’s NO96 L03+ containment system, as well as a partial reliquefaction system.

Hudong-Zhonghua and COSCO are already cooperating on several LNG carrier projects.

This includes the order in January for six 174,000-cbm LNG carriers that will serve a unit of CNOOC. MOL joined forces with COSCO for this project.

In addition, COSCO and CNPC’s PetroChina ordered three new 174,000-cbm LNG carriers at the shipbuilder in December last year.

This deal boosted the total to six vessels as Hudong-Zhonghua is already building three 174,000-cbm vessels for the partners under the PCI project and scheduled for delivery in 2022-2023.

Most Popular

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Germany, Egypt seal FSRU charter deal

Germany's Ministry for Economic Affairs and Energy has signed a deal with Egypt's state-owned EGAS to charter the 174,000-cbm FSRU Energos Power.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

More News Like This

Cosco’s LNG carrier nears delivery in China

Cosco Shipping Energy Transportation's LNG carrier, Ocean Inspiration, which will serve a charter deal with Sinochem, has completed its trials, according to Chinese shipbuilder Hudong-Zhonghua.

QatarEnergy LNG carrier named in China

China’s Hudong-Zhonghua hosted a naming ceremony for one 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

Hudong-Zhonghua delivers CMA CGM’s LNG-powered giant

Chinese shipbuilder Hudong-Zhonghua has delivered CMA CGM’s first in a new series of 23,000-teu LNG dual-fuel containerships.

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.