COSCO Shipping Energy orders LNG dual-fuel ethylene carrier at Dalian

China’s COSCO SHIPPING Energy Transportation is widening its gas carrier operations through an ethylene carrier newbuilding project priced at RMB335m (about USD 50.3m) at affiliated COSCO SHIPPING Heavy Industry (Dalian).

The shipowner said its board on October 28 cleared construction of a 9,000 cubic metre multi-purpose ethylene carrier via its subsidiary Hainan Zhaogang Shipping.

Total investment in the project, according to the announcement, comes to roughly RMB341m (about USD 51.2m).

The vessel is expected to be delivered and put into operation within 18 months after the contract takes effect.

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