On September 9, 2024, COSCO SHIPPING Energy's Board of Directors approved the construction of two 175,000 m³ LNG carriers through its subsidiary Shanghai COSCO Shipping LNG Investment. The vessels will be built at Dalian Shipbuilding Industry Co., with a total project investment of approximately $509 million.

This significant order further reinforces COSCO SHIPPING's commitment to expanding its LNG fleet to meet the growing demand for LNG transportation globally. The two vessels will be constructed by newly established subsidiaries, Yuanxing LNG Transportation and Yuanzhi LNG Transportation, each with a registered capital of $76.5 million.

This move solidifies COSCO SHIPPING's leadership in the LNG market, ensuring the company continues to provide reliable, high-capacity LNG shipping services worldwide.

by Xinde Marine News Chen Yang

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.