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LNG Power Shipping orders 200 LNG-powered vessels at Honghua Offshore

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.

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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