China’s Chengxi nets order for LNG-powered tanker duo

China’s Chengxi Shipyard has won an order to build two liquefied natural gas-powered 50,000-dwt product tankers.

CSSC Shipping, the leasing arm of China State Shipbuilding Corporation, is behind the order. Chengxi is also a unit of CSSC.

The dual-fuel vessels have a price tag of $43 million, each.

Several shipbroking reports reveal that the tankers would be chartered by the agricultural commodity trader Louis Dreyfus.

The bareboat charter would last for five years.

We reached out to Louis Dreyfus for a comment. The company declined to comment.

The Rotterdam-based trader has a fleet of around 200 chartered vessels across the globe and these would be the first LNG-powered ships in its fleet.

Louis Dreyfus previously said it was studying carbon-reducing technologies and designs to comply with stricter shipping emission regulations.

The studied options included LNG dual-fuel, wind propulsion, as well as biofuels.

Most Popular

QatarEnergy CEO says damaged Ras Laffan LNG trains to take three years to repair

State-owned LNG giant QatarEnergy expects the damage to two liquefaction trains at its giant Ras Laffan complex to take three years to repair, according to Qatar’s energy minister and CEO of QatarEnergy, Saad Sherida Al-Kaabi.

Glencore pens Chinese LNG supply deal

Switzerland-based energy trader Glencore has signed a long-term deal to supply liquefied natural gas (LNG) to a unit of China Suntien Green Energy.

Equinor seals long-term LNG SPA with Thailand’s PTT

Norwegian energy firm Equinor has signed a long-term LNG sales and purchase agreement with a unit of Thailand’s PTT.

More News Like This