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.

Following completion of the “two-in-one” trial, the LNG carrier (H1892A) returned to Hudong-Zhonghua’s yard on Changxing Island on April 23, the CSSC-controlled shipbuilder said in a statement.

Hudong-Zhonghua did not say when it expects to deliver the vessel.

The shipbuilder officially started construction on this vessel in August 2023.

This is the first of two 174,000-cbm LNG carriers Hudong-Zhonghua built for the Sinochem project.

The LNG carrier is 295 meters long, 45 meters wide, and has a speed of 19.5 knots.

Image: Hudong-Zhonghua Shipbuilding

In May 2022, Cosco’s shipping arm 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.

Under the contracts, Hudong-Zhonghua will deliver these vessels on or before October 31, 2025 and March 31, 2026, respectively.

Following delivery, the vessels will serve long-term charter deals with a Singapore-based shipping unit of China’s Sinochem.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

GTT, partners to develop new LNG carrier

French LNG containment giant GTT has signed a joint development project with seven firms to develop a 200,000-cbm LNG carrier.

Hudong-Zhonghua hands over another LNG-powered giant to CMA CGM

Chinese shipbuilder Hudong-Zhonghua has delivered CMA CGM’s second in a new series of 24,000-teu LNG dual-fuel containerships.

Hudong-Zhonghua gets DNV OK for new LNG carrier

Chinese shipbuilder Hudong-Zhonghua has received approvals from classification society DNV for three new vessel designs, including a liquefied natural gas (LNG) carrier.

Ibaizabal inks LoI for LNG bunkering newbuild

Spanish shipowner Ibaizabal has signed a letter of intent with China’s Hudong–Zhonghua to build another LNG bunkering vessel, according to shipbuilding sources.