DSIC kicks off work on CMES LNG carrier

DSIC

China’s Dalian Shipbuilding Industry (DSIC) has officially started building a new 175,000-cbm LNG carrier for compatriot China Merchants Energy Shipping (CMES), a unit of China Merchants Group.

The shipbuilder held a keel-laying ceremony on July 19 for the LNG carrier with a working name G175K-7.

DSIC said this is the seventh of eight LNG carriers it is building for CMES.

In May this year, DSIC launched the first 175,000-cbm LNG carrier in this batch, Sea Spirit.

CMES placed an order in March 2022 for two dual-fuel LNG carriers for $380 million, DSIC’s first order for large LNG carriers, and these vessels will serve charter deals with Sinochem.

After that, CMES exercised an option for two more LNG carriers worth $400 million, and added two more vessels in December 2022 with a price tag of about $470 million. These two LNG carriers ordered in December 2022 will go on charter to PetroChina.

CMES placed the most recent order for two LNG carriers worth some $470 million in May last year, and the new steel-cutting ceremony was held for the first vessel in this batch.

According to DSIC, the LNG carriers will be 295 meters long and 46.4 meters wide, with a design draft of 11.5 meters and a speed of 19.5 knots.

The vessels feature the latest LNG dual-fuel low-speed main engine with integrated ICER system, a reliquefaction unit, and GTT’s Mark III Flex membrane containment system, it said.

CMES will take delivery of all of these LNG carriers during 2025-2027.

Source: Lngprime.com

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.