China’s Jiangnan Shipyard has been contracted to build a pair of liquified natural gas carriers in a deal worth $470m.
China Taiping Insurance Holdings confirmed the deal in Hong Kong Exchange filing which included its non-wholly owned subsidiary Taiping & Sinopec Financial Leasing (TSFL) and its two special purpose vehicles Taiping 26 and Taiping 27.
The 175,000 cu m ships will deliver in March and July 2027 and will be bareboat chartered to Singapore’s Shandong Marine Energy (SDME) for 15 years for an estimated price of $632m and with a purchase option included.
According to the filing, if the purchase options are not exercised, SDME or the final charterer will need to pay a total of $80m at the end of the charters.
Recent Posts
Hydrogen
V.O. Chidambaranar Port becomes first Indian port to partner with H2Global for green hydrogen export to Europe
Methanol
Agastya Green Fuels Secures 250,000 TPA Green Methanol Offtake Deal with Sri Lanka’s SAR Group
EV
Blue Energy Motors Crosses 100 Million Green Kilometres,Building India’s Largest Green Trucking Movement