XSI launches LNG-powered PCTC for Cosco Shipping’s JV

China’s Xiamen Shipbuilding Industry (XSI) has launched one LNG-powered pure car and truck carrier it is building for BoComm Leasing and a joint venture led by Cosco Shipping.

XSI held the launching ceremony on Monday for the LNG dual-fuel PCTC (XSI463C) with a capacity of 7,500 ceu, according to a statement by Guangzhou Yuanhai Automobile Shipping, a JV formed by Cosco Shipping Specialized Carriers, Shanghai International Port Group Logistics (SIPGL), and SAIC Anji Logistics.

The JV said that the jointly ordered vessel is expected to be delivered in July.

Also, this is the first Guangzhou Yuanhai Automobile Shipping’s newbuild to be launched among the 24 LNG dual-fuel car carriers with a capacity of 7,000 ceu to 8600 ceu, according to the firm.

The launched vessel is 199.9 meters long, 38 meters wide, and has a total of 13 car decks.

XSI launches LNG-powered PCTC for Cosco Shipping's JV
Image: Guangzhou Ocean Car Carrier

XSI and Fujian Mawei Shipbuilding, both part of Fujian Shipbuilding Industry Group, are building in total 12 LNG-powered PCTCs which will serve the JV.

Guangzhou Yuanhai Automobile Shipping said in March last year that its fleet will grow to 24 LNG-powered PCTCs until 2026 after it placed an order for three more vessels with a capacity of 7,000 units at China’s Guangzhou Shipyard International (GSI).

The JV expects to take delivery of six newbuilds this year, 11 vessels in 2025, while seven vessels will join its fleet in 2026.

With the delivery of new capacity, the company plans to gradually expand its route coverage to Europe, South America, Mexico, Australia, and also other regions.

Most Popular

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

More News Like This

Hudong-Zhonghua delivers 8th LNG carrier in 2024

Last year, Hudong-Zhonghua delivered a record six LNG carriers. Earlier this month, the shipbuilder broke this record with the delivery of a...

DSIC starts work on first LNG carrier for Cosco and Sinopec

China’s Dalian Shipbuilding Industry (DSIC) has officially started building the first LNG carrier for a joint venture consisting of...

Cyprus FSRU leaves Chinese yard

CHI Shanghai, the unit of Cosco Shipping, said in a statement the 137,000-cbm FSRU, Etyfa Prometheas, left its yard...

QatarEnergy completes massive LNG shipbuilding program

QatarEnergy said on Wednesday it has selected the joint venture of MOL (MOL) and Cosco Shipping LNG Investment (Shanghai)...