Following an order of more than 20 billion yuan from Qatar, Hudong Zhonghua is once again expected to win an order for five Arc7 icebreaker LNG ships from Russia, competing with South Korea in the icebreaker LNG market.
Russian energy giant Novatek has selected Hudong Zhonghua and South Korean Daewoo Shipbuilding as the preferred shipyards, and will order five Arc7 icebreaker LNG ships in each of the two shipyards.
Based on the cost of each icebreaker LNG ship of about 300 million US dollars, the total order value of the five LNG ships in Hudong Zhonghua will reach 1.5 billion US dollars (about 10.658 billion yuan).
Novatek announced at the end of last year that it would build 10 Arc7 ice-breaking LNG ships from overseas shipping companies, with delivery between 2023 and 2024.
Novatek's order attracted bids from Hudong Zhonghua, Daewoo Shipbuilding, Hyundai Heavy Industries and Samsung Heavy Industries.
Among the four shipping companies, Daewoo Shipbuilding is the only one with the construction technology and experience of icebreaking LNG vessels. Previously, 15 Arc7 icebreaking LNG vessels of Novatek's Arctic Yamal LNG project were all built and delivered by Daewoo Shipbuilding.
Samsung Heavy Industries was selected last September as a technical partner of Zvezda to help build 15 icebreaking LNG vessels in the Arctic LNG 2 project.
The Arc7 icebreaking LNG ship independently developed by Hudong Zhonghua has obtained the AIP certificate issued by DNV GL and Lloyd's Register of Shipping (LR).
In April of this year, Hudong Zhonghua took the lead in obtaining the first batch of orders for Qatar's "100 LNG Ships Program", with a total amount exceeding RMB 20 billion.
Source: Sarah Yu, XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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