CIMC Sinopacific Offshore confirms gas carrier resale deal with Pacific Gas
Pacific Gas, a subsidiary of China’s Shandong Shipping, has entered into a contract with CIMC Sinopacific Offshore & Engineering for a total of five resale LEG carriers.
An official at CIMC Sinopacific Offshore confirmed to Splash that the contract which includes three 22,000 cu m LEG carriers and two 17,000 cu m LEG carriers were signed in July this year. Total value of the contract is over RMB1bn ($152m).
Norwegian owner Odfjell cancelled a total of eight gas carriers at Sinopacific in 2016, comprising of four 17,000 cu m vessels and four 22,000 cu m vessels due to delay in delivery and Greek owner Eletson Gas also cancelled five 22,000 cu m gas carriers at the shipyard.
Sinopacific Offshore resumed operations in August following it entered into a new restructuring investment agreement with China International Marine Containers.
Currently construction of the vessels have resumed, with deliveries scheduled in 2018 and 2019.