Cosco Shipping Energy orders three LNG carriers
Cosco Shipping Energy Transportation Corporation has signed shipbuilding contracts with Dalian Shipbuilding Heavy Industry and China Shipbuilding Industry Trade for the construction of three 175,000 m3 LNG carriers, it said on September 1. The total contract value is approximately $700mn.
The vessels are scheduled to be delivered in 2027 and 2028. Cosco Shipping Energy has also signed charter parties with China Petroleum and Chemical Corporation (Sinopec) for the long-term lease of the vessels.
The construction of the three LNG carriers is part of Cosco Shipping Energy's strategy to expand its LNG fleet and market share, the company said. The company is also actively involved in the development of LNG infrastructure, such as LNG terminals and regasification facilities.