Tianjin Southwest adds three VLGCs at Jiangnan Shipyard

Tianjin Southwest adds three VLGCs at Jiangnan Shipyard

Chinese shipowner Tianjin Southwest Maritime (TSM) has placed an order at CSSC’s Jiangnan for the construction of three 86,000 cu m LPG-fueled VLGCs.

The latest order comes shortly after the company exercised an option to build one VLGC of the same size at the yard in August.

Delivery of the new ships are scheduled in 2022 and the price is around $73m each. The ships will be chartered to Wanhua Chemical, which secured a 10-year LPG supply contract with Abu Dhabi National Oil Company (ADNOC) earlier this year.

Wanhua and ADNOC is also creating an LPG shipping joint venture which will look at opportunities to develop petrochemicals and derivatives in both UAE and China.

TSM currently operates a fleet of 24 vessels, made of seven tankers and 17 LPG carriers. Last month, the company also ordered a 9,500 cu m multi gas carrier at CSSC’s Huangpu Wenchong Shipbuilding.

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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