Yangzijiang nears completion of its first LNG carrier

According to a LinkedIn post by Adnan Ezzarhouni, general manager of GTT China, he visited the yard this week to witness progress on the construction of the two LNG carriers.

The LNG carriers feature GTT’s Mark III Flex membrane containment system.

Ezzarhouni posted an image of the first LNG carrier but did not provide further details about the construction of the two vessels.

“Yangzijiang is moving fast: after successfully delivering two dual-fuel LNG-powered container vessels for Pacific International Lines (PTE) Ltd also equipped with GTT technology, the yard is now preparing to build ten 24,000 teu LNG-fueled container ships with Mark III containment systems for CMA CGM,” he said.

Yangzijiang said in February that it had secured orders for 38 LNG dual-fuel and 23 methanol dual-fuel containerships in 2024.

LNG carrier duo for sale

Back in October 2022, Yangzijiang announced it won its first order for large LNG carriers from a European owner.

The contract included two 175,000-cbm LNG carriers with delivery between 2025 and 2026.

Shipbuilding sources told LNG Prime at the time that Germany’s Hammonia Reederei was behind this order and that the vessels were each worth about $235 million.

In August 2024, Yangzijiang revealed that it had terminated shipbuilding contracts for two 175,000-cbm LNG carriers but did not disclose the customer’s name.

The shipbuilder said that “the customer defaulted on the milestone payment” with “zero deposit paid”.

Yangzijiang added the two vessels to its inventory.

The shipbuilder said it aims to complete the vessel construction utilizing internal funds and to resell the LNG carriers in the open market.