GasGreater China

Shenzhen Cosco LPG Shipping adds to fleet

Shenzhen Cosco LPG Shipping, a unit of Cosco Shipping Group, has acquired the 2012-built 3,500 cu m LPG carrier Feng Yi 2 from domestic owner Zhejiang Fengyi Shipping.

The vessel has been renamed Ji Xiang Yuan and will be deployed for domestic gas shipping services. While the price of the transaction was not revealed, VesselsValue places a $6.77m market value on the vessel.

Following the acquisition, Shenzhen Cosco LPG Shipping expands to six LPG carriers with a total capacity of 21,910 cu m.

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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