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Yangzijiang Shipbuilding Gives LNG a Go

Yangzijiang Shipbuilding Gives LNG a Go
China’s Yangzijiang Shipbuilding has received an order to build two 27,500 cbm LNG carriers for Jaccar Holdings, the owner of Evergas.

This is the shipbuilder’s first venture into the LNG sector. The contract for the carriers is valued at USD 135 million, with the delivery date set for 2017.

Ren Yuanlin, Executive Chairman of the Yangzijiang Shipbuilding, said: “Related research shows that global LNG market will grow from 238 Mtpa in 2014, to 420 Mtpa in 2020, and is expected to further increase to 500 Mtpa in 2025 . We understand that LNG carriers are technically more demanding than bulk carriers and container ships; we will take necessary steps to ensure timely delivery and maintain the highest quality, make a solid launch in the new segment, and gradually grow it stronger.”

 

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