COSCO inks $953m LNG carrier order

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COSCO Shipping Energy has signed a $953 million contract to order four new LNG carriers from Jiangnan Shipyard in China. This expansion aims to boost COSCO's LNG shipping capacity significantly.

COSCO Shipping Energy has moved to expand its LNG shipping footprint, ordering four newbuildings at Jiangnan Shipyard in a deal worth around $953m. The publicly listed energy shipping arm of China’s state-owned COSCO Shipping Group said its indirectly owned subsidiary, Future Ocean LNG Investment, signed the contract with Jiangnan for the 175,000 cu m units, …