October 29

DSIC launches second CMES LNG carrier

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China’s Dalian Shipbuilding Industry (DSIC) has floated out the second 175,000-cbm LNG carrier for compatriot China Merchants Energy Shipping (CMES), a unit of China Merchants Group.

The shipbuilder launched the LNG carrier Sea Navigator on October 28, it said in a statement.

According to DSIC, the LNG carrier is 295 meters long and 46.4 meters wide, with a design draft of 11.5 meters and a speed of 19.5 knots.

The vessel features the latest LNG dual-fuel low-speed main engine with an integrated ICER system, a reliquefaction unit, and GTT’s Mark III Flex membrane containment system.

DSIC said this is the second LNG carrier it is building for CMES. The latter has eight LNG carriers on order at the shipbuilder.

DSIC started building the first vessel Sea Spirit in June last year and launched it in May this year.

In March 2022, CMES placed an order for two dual-fuel LNG carriers for $380 million, DSIC’s first order for large LNG carriers. These vessels will serve charter deals with Sinochem.

After that, CMES exercised an option for two more LNG carriers worth $400 million, and added two more vessels in December 2022 with a price tag of about $470 million. These two LNG carriers ordered in December 2022 will go on charter to PetroChina.

CMES placed the most recent order for two LNG carriers worth some $470 million in May last year.

In March this year, DSIC held a keel-laying ceremony for the third and the fifth LNG carrier.

CMES is expected to take delivery of all of these LNG carriers from 2025 to 2027.

Source: Lngprime.com

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