Hong Kong shipowner Wah Kwong Maritime Transport and its joint venture partners China Gas Holdings and Hong Kong’s CSSC Shipping have officially confirmed their order for two additional LNG carriers in China.
The JV has signed for a pair of 175,000 cu m units at state-run Dalian Shipbuilding Industry Co (DSIC) after ordering its first two vessels back in August 2023.
All four vessels delivering in 2027 and 2028 have been fixed for 20 years to Gas Hongda Energy Trading, a subsidiary of China Gas, at a daily rate of between $80,000 and $100,000.
China Gas holds a 30% stake in the JV called Sea Jade Investment, with CSSC Shipping, the leasing arm of state-owned China State Shipbuilding Corporation, owning 25%, while the remainder is with Vantage, a division of Wah Kwong Maritime.
