Shandong Marine’s LNG carrier nears delivery in China

Shandong Marine’s liquefied natural gas (LNG) carrier Prime Purity is expected to start operations next year after completing its trials in China.

China’s Jiangnan said in a statement that the first vessel (H2716) in a series of 175,000-cbm large LNG carriers being built for Shandong Marine completed its “three-in-one” sea trials on Monday.

The vessel is 298.5 meters long, 46 meters wide, and its tanks feature GTT’s Mark III Flex membrane containment technology.

Jiangnan said that the LNG carrier is expected to be delivered in 2027.

In 2023, Taiping & Sinopec Financial Leasing (TSFL), a non-wholly owned subsidiary of China Taiping Insurance, and two special purpose vehicles (SPVs), Taiping 26 and Taiping 27, ordered two 175,000-cbm LNG carriers.

Taiping 26 and Taiping 27 entered into bareboat charter deals with Shandong Marine Energy (Singapore) or SDME.

Jiangnan will deliver the first vessel by March 2027 and the second ship by July 2027.

In addition to these vessels, Shandong Marine ordered four LNG carriers from Jiangnan earlier this year.

Following delivery in 2028 and 2029, these 175,000-cbm vessels will be chartered to a unit of UK-based LNG giant Shell.

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