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.
Recent Posts
Ammonia
AM Green wins H2Global auction for €585 million renewable ammonia supply to Germany
Ports & Harbours
JNPA secures ₹671 crore IFC financing for shore power expansion
HYBRID
IMO study finds hybrid and electric ferries could cut Sea of Marmara emissions by 63%