Greater China

Shanghai Bestway lands contracts for 200 LNG-powered river vessels

Shanghai: Shanghai Bestway Marine Engineering Design Co announced that its subsidiary Shanghai Bestway Marine Technology Development has signed EPC contracts with Green Power Water Transport Co for 200 LNG-powered vessels. Deliveries are scheduled in March 2015.

The contracts include one hundred 600dwt vessels, fifty 800dwt vessels and fifty 1,000dwt vessels. Total value of the contracts is about RMB650m.

Green Power Water Transport was established in June this year and is dedicated to inland river shipping. Shanghai Bestway and its subsidiary Shanghai Walking LNG holds 25% and 10% respectively in the company.[04/08/14]

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