Hudong-Zhonghua lands $1.18bn deal for six LNG carriers

CSSC-affiliated Hudong-Zhonghua Shipbuilding has won a contract from Japanese shipping giant Mitsui OSK Lines (MOL) to build six 174,000 cum liquefied natural gas (LNG) carriers.

The largest one-time order for the Shanghai-based yard is worth CNY7.5bn (around $1.18bn) and follows this week’s shipbuilding contract with CSSC Leasing for a single 174,000 cum unit.

The deal comes in partnership with Shanghai-headquartered COSCO Shipping LNG. The business unit of COSCO Shipping Energy Transportation will hold a 25% interest in each vessel.

The ships will deliver in 2025 and go on a charter with CNOOC Gas & Power Group, a wholly-owned subsidiary of China National Offshore Oil Corporation (CNOOC), which recently inked its first US LNG supply deal with Venture Global LNG.

Please wait while the data is loading

Loading, please wait.