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CNOOC and China Shipping ink LNG shipmanagement contract

Shanghai: CNOOC Energy Development, a subsidiary of state-run energy giant CNOOC, has signed a shipmanagement contract with China Shipping LNG Shipmanagement, a subsidiary of China Shipping Interntional Shipmanagement, for the management of a 30,000 cu m LNG carrier Hai Yang Shi You 301 that is nearing completion at Shanghai’s Jiangnan shipyard. The Hai Yang Shi You 301 is the first LNG ship built by Jiangnan. It has been undergoing sea trials recently with delivery set for this month.

China Shipping Interntional Shipmanagement established the LNG shipmanagement subsidiary in the Shanghai Free Trade Zone in April 2014.

China Shipping Group said the its 2014 annual general meeting that it sees LNG shipping as a key future strategy of the group and will make effort to improve the management level of LNG newbuild project, LNG shipping and LNG ship crew.

Jiagnan is one of six Chinese shipyards now engaged in LNG ship construction. A full review of China’s LNG shipbuilding capabilities is carried in the next issue of SinoShip magazine due out next week and available to read free online via this site.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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