NYK, CNOOC team up to order six LNG carriers at China’s Hudong-Zhonghua

Japan’s shipping giant NYK has joined forces with China’s CNOOC to order six 174,000-cbm LNG carriers from CSSC’s Hudong-Zhonghua for about $1.2 billion.

CSSC said in a statement the firms signed the contract for the second CNOOC LNG transportation project during an online ceremony on April 28.

LNG Prime reported on this order, citing shipbuilding sources, in March.

Prior to that, Hudong signed a contract with CNOOC, Japan’s MOL, and COSCO Shipping for six LNG carriers worth about $1.17 billion, the largest single order for LNG carriers in the history of China’s shipbuilding industry.

CNOOC’s gas and power unit will charter these vessels and use them to transport LNG from Venture Global’s liquefaction plants in the US to China.

12 ships worth more than $2.4 billion

Hudong-Zhonghua said in a separate statement this deal is worth more than 8.4 billion yuan ($1.27 billion), while CSSC’s statement shows a price tag of more than 8 billion yuan.

This compares to about 7.5 billion yuan or some $1.17 billion for the prior six vessels.

In addition, this project also includes China Merchants Group, while CNOOC’s power and gas unit would charter these vessels as well.

CSSC said the NYK, CNOOC, and China Merchants Group would jointly own the vessels.

Also, this is the first time Hudong-Zhonghua would cooperate on LNG carrier construction with NYK and China Merchants Group.

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

Hudong-Zhonghua will deliver the twelve vessels from 2024 through 2027.

The shipbuilder has this year won orders for 17 LNG carriers, including four vessels for MOL under the QatarEnergy deal and one ship for CSSC Shipping.

Most Popular

Glenfarne still expects Texas LNG FID by end of this year

US energy firm Glenfarne confirmed it is targeting a final investment decision on its planned 4 mtpa Texas LNG export project in the port of Brownsville by the end of 2025 after the US FERC issued the final supplemental environmental impact statement for the project.

Kosmos: Tortue FLNG to hit full capacity in Q4

UK-based energy giant BP and its partners expect the 2.7 mtpa Golar FLNG Gimi, which serves the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, to reach its nameplate capacity in the fourth quarter of this year, according to US-based Kosmos Energy.

Equinor’s Hammerfest LNG back online after maintenance

Norwegian energy firm Equinor has resumed operations at its 4.3 mtpa Hammerfest LNG export plant following an extended maintenance shutdown, a spokesperson for Equinor told LNG Prime on Monday.

More News Like This

Hudong-Zhonghua to build another LNG bunkering vessel for TotalEnergies

China’s Hudong-Zhonghua said it had secured another order to build one 18,600-cbm LNG bunkering vessel for French energy giant TotalEnergies and Spain's shipping firm Ibaizabal.

Cameron LNG hits new milestone

Sempra Infrastructure, a unit of Sempra, and its partners have shipped the 1,000th cargo of liquefied natural gas from the Cameron LNG export plant in Louisiana since 2019.

QatarEnergy LNG carrier wraps up trials in China

A 174,000-cubic-meter liquefied natural gas (LNG) carrier, built as part of QatarEnergy's massive shipbuilding program, has completed its trials in China, according to Hudong-Zhonghua.

MSC books more LNG-fueled containerships in China

Switzerland-based shipping giant MSC has ordered ultra-large LNG dual-fuel container vessels from a China Merchants Industry yard, according to shipbuilding sources.