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CNTIC VPower LNG Logistics acquires resale LNG carrier from Cosco Dalian

Cosco Dalian Shipyard has resold a newbuild 28,000 cu m LNG carrier to Singapore-based CNTIC VPower LNG Logistics, a joint venture between China National Technical Import and Export Corporation and Hong Kong’s VPower Group.

The LNG carrier was originally ordered by Dalian Inteh Group, and Cosco Dalian terminated the shipbuilding contract last year as the owner failed to make payments according to the contract terms.

The vessel is the only LNG carrier Cosco Shipping Heavy Industry has ever built. It has been renamed CNTIC VPower Global and delivered to the new owner.

The vessel is also the first vessel in the fleet of CNTIC VPower LNG Logistics.

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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