Honghua to Build 200 LNG Powered Vessels for China’s River Transportation

| Hong Kong

Headquartered in Chengdu, Sichuan, drilling rig manufacturer Honghua Group Limited (HH) reports that at the beginning of August, the company signed a construction contract with Green Power Water Transport Co., Ltd. to build 200 Liquiefied Natural Gas (LNG) -powered small ships, worth in total about 760 million yuan (USD 118m). Delivery is expected to be completed before the end of September 2016.

HH will build to three different specifications of LNG powered ship: 700 tons, 950 tons and 1300 tons.

Mr. Zhang Mi, Chairman of HH commented, “The LNG powered ships that HH will build are a new type of environment-friendly transportation vessel, directly responding to the concept of environment protection and energy saving. The LNG powered ships, which are generally used in inland rivers, will greatly reduce the pollution emission during operation, and are not only in line with the ‘Green Yangtse River’ policy promulgated by the PRC government, but also enable the enterprises to cut fuel costs.”

HH recently diversifierd to become an integrated enterprise involved in the interactive development of three major sectors, including onshore and offshore areas, equipment manufacturing and oil and gas resources development (especially the unconventional oil and gas area), as well as engineering services.

NGV Global published an article in August 2014, stating Green Power Water Transport Co., Ltd, also contracted Shanghai Bestway Marine Science and Technology Development Co., Ltd. to deliver 200 LNG-powered vessels for inland waterways. It is unclear if this order for 100 x 600 dwt, 50 x 800 dwt and 50 x 1000 dwt vessels, went ahead.

(Source: Honghua Group Limited)

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