China’s Honghua Group confirmed it has secured an order from Shanghai-based LNG Power Shipping to build 200 LNG-powered inland river vessels.
The RMB760 million order includes one hundred 700 dwt vessels, fifty 950 dwt vessels and fifty 1,350 dwt vessels, which will be used to transport materials along Shanghai’s inland river.
The vessels are expected to be delivered by the end of September in 2016, Honghua said in a statement.
According to local media reports, LNG Power Shipping has also in March this year placed an order for 200 LNG-fuelled vessels at Jiangsu Qinfeng Shipbuilding.
The company plans to invest in 600 LNG-powered ships within the next three years.
1 Chinese yuan = 0.161024 U.S. dollars
LNG World News Staff