Sonatrach executes option for LPG vessel at Jiangnan Shipyard

Sonatrach executes option for LPG vessel at Jiangnan Shipyard

Hyproc Shipping, a shipping unit of Algerian state energy firm Sonatrach, has executed an option for a 13,000 cu m LPG carrier at CSSC-affiliated Jiangnan Shipyard.

The original contract for one 13,000 cu m vessel plus one option was signed in December 2016. The price for each vessel is $40m.

Hyproc Shipping currently operates a fleet of 15 vessels comprising two oil tankers, eight LNG carriers and five LPG carriers.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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