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Shenzhen Biaodian orders 11 LNG bunkering barges at Wuchang Shipbuilding

CSIC-affiliated Qingdao Wuchang Shipbuilding Industry has signed shipbuilding contracts with Shenzhen Biaodian Investment for the construction of 11 LNG bunkering barges.

The total value of the contracts is around RMB370m ($55.6m).

In addition, Shenzhen Biaodian Investment reached a resale agreement with Huaqiang Natural Gas to acquire Huaqiang’s two LNG bunkering barges under construction at Wuchang Shipbuilding Industry. The two barges are now ready for delivery.

Shenzhen Biaodian Investment is a new company established in December 2015, and has a focus on equity investment in the natural gas sector.

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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