LNG Power Shipping, a Shanghai-based company mainly engaged in the business of construction waste disposal and material supply, has signed shipbuilding contracts with Honghua Offshore for the construction of 200 LNG-powered vessels for RMB650m ($104.6m).
The order consists of one hundred 750dwt vessels, fifty 950dwt vessels and fifty 1,350dwt vessels, which will be used to transport materials along Shanghai’s inland river.
It is the first inland river vessel order Honghua Offshore has ever received and second batch of vessel orders LNG Power Shipping has placed this year. In March, the company ordered 200 LNG-powered vessels at Jiangsu Qinfeng Shipbuilding.
Zhang Weiguo, president of LNG Power Shipping said that the company has integrated 11 companies in the relevant industrial chain including Qinfeng Shipbuilding and plans to invest in 600 LNG-powered vessels over the next three years.