China Merchants Energy Shipping (CMES) has landed a long-term charter agreement with Sinochem Petroleum Shipping Singapore, a subsidiary of Sinochem Energy, for three of its liquified natural gas (LNG) carrier newbuilds.
The Shanghai-listed energy transport unit of China Merchants Group said the deal involves the 175,000 cu m trio built by Dalian Shipbuilding Industry Corporation (DSIC).
The charters, expected to total up to $2.5bn, should commence in the second half of 2025 and last up to 30 years.
Tags: China, China Marchants, LNG, Shanghai, Sinochem
Recent Posts
Report Highlights Pathway for Electrifying Nigeria’s Container Trade Sector
South Korean Company YPP Plans to Invest up to $3.1 Billion in Green Hydrogen Production in Kazakhstan
WattEV Expands Electric Truck Charging Network with Three New Depots in California
Anemoi Develops New Method to Accurately Measure Wind-Assisted Propulsion Benefits
Navigator Holdings and Amon Maritime Form Joint Venture for Ammonia-Fuelled Carrier Fleet
Hygenco Commissions Maharashtra’s First Green Hydrogen and Oxygen Facility to Power STL’s Net Zero Goals
India Invites Second Round of R&D Proposals Under ₹4 Billion Green Hydrogen Mission
BMTC Adds 148 Tata Electric Buses to Bengaluru Fleet, Strengthens Green Mobility Drive