COSCO Shipping Energy Units Place Order for 2 LNG Carrier Vessels

MT Newswires Live09-16

COSCO Shipping Energy Transportation (SHA:600026, HKG:1138) have procured two firms for the construction of two vessels for about 3.46 billion yuan, a Sept. 13 bourse filing said.

COSCO units Future Prosperity LNG Shipping and Future Reliance LNG Shipping have entered into contracts with Dalian Shipbuilding Industry, as builder and seller, and China Shipbuilding Trading, as a seller.

The vessels, which comprise two LNG carriers with a guaranteed cargo capacity of at least 175,000 cubic meters each, are expected to be delivered in the second half of 2027, the oil and liquefied natural gas shipper said.

Price (HKD): $7.21, Change: $+0.040, Percent Change: +0.56%

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