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Sonatrach executes option for LPG vessel at Jiangnan Shipyard

Hyproc Shipping, a shipping unit of Algerian state energy firm Sonatrach, has executed an option for a 13,000 cu m LPG carrier at CSSC-affiliated Jiangnan Shipyard.

The original contract for one 13,000 cu m vessel plus one option was signed in December 2016. The price for each vessel is $40m.

Hyproc Shipping currently operates a fleet of 15 vessels comprising two oil tankers, eight LNG carriers and five LPG carriers.

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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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