Third LNGC Newbuild Joins SINOPEC LNG Project

The LNG carrier CESI Beihai, ordered by a joint venture comprising Japan’s Mitsui O.S.K. Lines (MOL), China COSCO Shipping Corporation, and China Petroleum & Chemical Corporation (SINOPEC), was delivered at Hudong-Zhonghua Shipbuilding in Shanghai on June 1.

Featuring a cargo tank capacity of 174,100 cbm, the CESI Beihai is the third vessel to serve the China FOB Transportation Project announced in April 2013.

The ship is designated to sail under a long-term charter to transport LNG that SINOPEC purchases from the Australia Pacific LNG project.

A total of six LNG carriers are being built at Hudong for the project. The first vessel, the CESI Gladstone, was delivered in October 2016, and the second, the CESI Qingdao, in January of this year.

The remaining three will be delivered in succession by 2018, MOL said, which holds 20 percent stake in the joint venture.

Total consideration for the construction of the six ships was set at approximately USD 1.5 billion. As disclosed earlier, long term limited recourse debt financing worth USD 1.2 billion was secured for the six ships with a syndicate of banks.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >