Sinotrans in talks to build five Arctic LNG carriers

One of China’s largest shipping companies, Sinotrans Shipping informed it is in negotiations to take part in a joint venture to commission the building of five Arctic LNG carriers.

The company said in a statement on Monday it is in talks with “certain parties in relation to participation in a possible joint venture to commission the building of five Arctic LNG carriers to engage in the LNG Arctic shipping business.

Sinotrans Shipping said it expects to take 25.5 percent of the shares in the joint venture without revealing any further information.

The LNG vessels in question will be probably used to transport the chilled gas from Novatek-operated  Yamal LNG project in the Arctic scheduled to start production in 2017.

Parties are still at the stage of negotiations and the company has not entered into any legally binding agreement in respect of such proposed JV arrangement,” the company added.


LNG World News Staff; Image: Sinotrans Shipping


Share this article

Follow LNG World News


<< Oct 2019 >>
30 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 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >