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LNG Shipbuilding Continues With Three Vessel Order From COSCO

1 July 2020

Despite soft demand for LNG, ship owners and shipbuilders are continuing to proceed with new construction believing in the longer-term prospects of the segment.

 

COSCO Shipping and its China National Petroleum International Company became the latest companies to demonstrate their faith in the LNG market by placing construction contracts for more LNG vessels. COSCO ordered three LNG vessels from Hudong Zhonghua, China Shipbuilding Trading, a subsidiary of China Shipbuilding Corporation.

 

The three LNG ships orders will be part of Hudong Zhonghua's fourth-generation "Changxing Series" large-scale LNG carrier design, and a new generation of LNG vessels independently developed and designed for Hudong Zhonghua. The ships will havee a length of 295 meters with a speed of 19.5 knots.

 

According to the announcement, the new ships will further optimize the designs of the previous LNG ships. They will employ the latest generation of dual-fuel low-speed propulsion that will lower the daily fuel consumption to approximately 100 tons. The vessels will also be equipped with advanced environmental protection devices, whether operating in gas mode or fuel oil mode that can meet the emission standards of the International Maritime Organization.

 

The ships will be operated by Shanghai COSCO Shipping LNG Investment Co. increasing the transportation capacity for the China National Petroleum International Co.

 

News of this order comes just a month after Qatar announced that it had signed a contract with South Korea’s shipbuilders for as many as 16 LNG vessels valued at $19 billion.

Comments (0)


Today
8:03am
Hi Jenna! I made a new design, and i wanted to show it to you.
8:03am
It's quite clean and it's inspired from Bulkit.
8:12am
Oh really??! I want to see that.
8:13am
FYI it was done in less than a day.
8:17am
Great to hear it. Just send me the PSD files so i can have a look at it.
8:18am
And if you have a prototype, you can also send me the link to it.

Monday
4:55pm
Hey Jenna, what's up?
4:56pm
Iam coming to LA tomorrow. Interested in having lunch?
5:21pm
Hey mate, it's been a while. Sure I would love to.
5:27pm
Ok. Let's say i pick you up at 12:30 at work, works?
5:43pm
Yup, that works great.
5:44pm
And yeah, don't forget to bring some of my favourite cheese cake.
5:27pm
No worries

Today
2:01pm
Hello Jenna, did you read my proposal?
2:01pm
Didn't hear from you since i sent it.
2:02pm
Hello Milly, Iam really sorry, Iam so busy recently, but i had the time to read it.
2:04pm
And what did you think about it?
2:05pm
Actually it's quite good, there might be some small changes but overall it's great.
2:07pm
I think that i can give it to my boss at this stage.
2:09pm
Crossing fingers then

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