Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has secured a new contract for the construction of up to four 93,000 cubic meter (cbm) very large ammonia carriers (VLACs).
Namely, Jiangnan Shipbuilding signed a contract with Singapore-based company specializing in vessel chartering and logistics solutions Jaldhi Overseas, part of Bothra Group, for two 93,000 cubic meter VLACs on August 14.
The parties also signed a letter of intent (LoI) for the construction of additional two VLACs with the same capacity.
Additional details on contracts’ value or ships’ delivery dates were not revealed.
For the Chinese shipyard, this is the second shipbuilding deal involving VLACs in less than 30 days.
In late July, AW Shipping, a joint venture company between ADNOC L&S and Wanhua Chemical, awarded a contract worth around $250 million to Jiangnan Shipbuilding with the option for another two VLACs at the same price.
Each VLAC will have a carrying capacity of 93,000 cubic meters for ammonia and can be powered by liquefied petroleum gas (LPG) or conventional fuels. The vessels are scheduled for delivery between 2026 and 2028.
Jinagnan Shipyard is also building six VLACs of the same size for Singaporean company Eastern Pacific Shipping.