Yangzijiang Shipbuilding informed that it has secured new shipbuilding orders from JHW Engineering & Contracting, a JACCAR Holdings unit, to build two 27,500 cbm LNG carriers.
The two LNG vessels are worth US$135 million, the company said in a statement.
The orders are scheduled to be delivered in 2017.
Research shows that global LNG market will grow from 238 Mtpa in 2014, to 420 Mtpa in 2020, and is expected to further increase to 500 Mtpa in 2025 and by venturing into construction of LNG carriers and with necessary steps taken the company expects to make a solid launch in the new segment, according to Ren Yuanlin, Executive Chairman of the group.
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LNG World News Staff; Image: Yangzijiang Shipbuilding