Hudong-Zhonghua Shipbuilding has succeeded in a bid to build four advanced large-scale liquefied natural gas (LNG) carriers, incorporating dual-fuel engines, for Japan’s Mitsui OSK Lines (MOL). The carriers are destined for Gazprom’s Yamal project under long term charter.
The order is valued at more than 50 billion yuan (USD 7.35 billion). The 174,000 m3 vessels will be built at Hudong-Zhonghua’s facility in Shanghai, with delivery planned during 2019-20.
According to the Hudong-Zhonghua press release, MOL has selected the latest generation dual-fuel technology for its lower fuel consumption and environmentally friendly features, able to reduce fuel consumption by 16% compared to conventional vessels. The newbuilds will be able to meet the most stringent international maritime emission standards.
Hudong-Zhonghua Shipbuilding is a wholly owned subsidiary of China State Shipbuilding Corporation, the largest shipbuilding group in China and the second largest in the world.