China’s lone LNG carrier shipbuilder has delivered its sixth vessel and is now switching its attention to its larger-size orders. Shanghai-based Hudong-Zhonghua Shipbuilding Group handed over the 147,000-cbm Shen Hai to Cosco-China Merchants joint venture China LNG Shipping (Holdings) Co (CLNG) on 20 September. The LNG carrier, which at one point was going to be jointly owned with Malaysian giant MISC, was originally contracted to ship cargoes from Petronas’ production in Malaysia into China National Offshore Oil Corporation’s Shanghai LNG import terminal. CLNG will now be the majority owner. CNOOC and the terminal’s joint owner Shanghai Energy will also hold stakes. The delivery will not make much of a dent in Hudong-Zhonghua’s burgeoning LNG orderbook. The shipyard, which struggled with the construction of its first two vessels, has now netted a further eight ships. It will build four LNG carriers for Mitsui OSK Lines (MOL) against long-term charters with ExxonMobil. In addition Hudong has just won an order to build four of its largest vessels to date. The 174,000-cbm dual fuel diesel electric LNG carriers are scheduled to be delivered to a joint venture of Sinopec and China Shipping Group. The partners are also sitting on two optional slots at the yard.
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Sixth LNG carrier rolls down Hudong slipway
LNG carrier shipbuilder delivers sixth vessel while turning attention to larger orders.
28 September 2012 15:59 GMT
Updated
28 September 2012 15:59 GMT
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