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Deal made for shipbuilding

Deal made for shipbuilding
China LNG Shipping (Holdings) Limited and Malaysia?s MISC Bhd have signed a co-operation agreement for the construction of a LNG vessel at Hudong-Zhonghua Shipbuilding (Group) Co.

China LNG Shipping (Holdings) Limited and Malaysia"s MISC Bhd have signed a co-operation agreement for the construction of a LNG vessel at Hudong-Zhonghua Shipbuilding (Group) Co.

China LNG Shipping (Holdings) Limited and Malaysia"s MISC Bhd have signed a co-operation agreement for the construction of a LNG vessel at Hudong-Zhonghua Shipbuilding (Group) Co. Local papers speculate that CLSL will hold a 51% majority stake in the venture and that construction of the 147,000-cubic-meter capacity ship will begin next month.

Upon delivery, the vessel is expected to be used for transportation of oil and gas for Petronas from its interests at Bintulu to a new LNG terminal in Shanghai that will be operated by China National Offshore Oil Corporation and an unidentified energy group.

www.TurkishMaritime.com.tr

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