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Celsius gives China Merchants its entrance into LNG carrier construction

Photo of Sam Chambers Sam ChambersJanuary 4, 2023
784 Less than a minute
Celsius Shipping

After having a newbuilding letter of intent agreed since the autumn, China Merchants Heavy Industry Jiangsu and Celsius Tankers have now signed contracts four firm 180,000 cbm LNG carriers with unit contract price understood by brokers to be around $235m. The contract comes with options for four more vessels, and marks the official entry of another Chinese yard into this rarified field of ship construction.

The LNG newbuildings will be fitted with high-pressure ME-GI engines, shaft generators and air lubrication systems to reduce emissions and have Mark III Flex cargo containment systems. Deliveries will be from early 2026.

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Photo of Sam Chambers Sam ChambersJanuary 4, 2023
784 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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