As 2020 closed out, formal confirmation emerged of an order for three 174,000-m3 LNG carriers for COSCO Shipping Energy Transportation Co (CSET) at Hudong-Zhonghua Shipbuilding
Each LNG carrier was priced at $US185M, according to BRL Weekly Newbuilding.
CSET, along with its subsidiaries, is leading China’s LNG shipping business and is an important participant in the world’s LNG shipping market. COSCO SHIPPING LNG Investment (Shanghai) Co (Shanghai LNG), a wholly owned subsidiary, and China LNG Shipping (Holdings) Limited (CLNG), in which the Group holds 50% equity, are currently the only two large-scale LNG shipping companies in China.
In October, Shanghai LNG and Japan’s Mitsui OSK Lines (MOL) took delivery of LNG Megrez, the last of four conventional LNG sister ships for the Yamal LNG project. Other vessels in the series were LNG Phecda, delivered in September 2020 and LNG Dubhe and LNG Merak, delivered in November 2019 and January 2020 respectively.
LNG Megrez has an overall length of 295 m, width of 45 m, a design draught of 11.5 m, and a structural draught of 12.5 m. Propulsion power is supplied by two WinGD W6X72DF dual-fuel engines, produced by CMD, providing a service speed of 19.5 knots.
LNG Megrez is fitted with GTT NO96 LO3+ liquid cargo membrane tank system, which can reduce the daily evaporation rate by 33% compared to the traditional NO96 tank, significantly improving overall cost effectiveness.
With the delivery of LNG Megrez, CSET has 41 jointly invested LNG vessels, with capacity of 6.94M m3.
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