Wah Kwong gets on board AW Shipping gas carriers newbuilding programme

Wah Kwong

Wah Kwong is expanding into the Middle Eastern market, with subsidiary Venture Marine Services (VMS) joining AW Shipping’s gas newbuild project in China.

The Hong Kong shipping giant said WMS will be overseeing the newbuilding supervision projects for seven 99,000 cu m very large ethane carriers (VLECs) and four 93,000 cu m very large ammonia carriers (VLACs) under construction at Jiangnan Shipyard.

AW Shipping was formed in 2020 as a joint venture of ADNOC Logistics & Services (ADNOC L&S) and China’s Wanhua Chemical Group to support a long-term LPG supply contract from ADNOC and other suppliers to Wanhua’s manufacturing bases in China and worldwide.

“The launch of this project demonstrates VMS’s technical capabilities in supervising the more sophisticated gas carriers, in addition to LNG ships,” Wah Kwong said in a social media post on LinkedIn.

The 230-m-long VLECs powered by ethane dual-fuel engines will be delivered between 2025 and 2027, while the similarly sized VLACs should start entering the market in 2026.

Construction of the first VLAC kicked off in March and is currently in the block fabrication phase, scheduled for delivery in the third quarter.

Source: Splash247.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.