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MOL, China Shipping JV build LNG transport ships

   MOL and China Shipping (Group) Co. signed shipbuilding contracts with Daewoo Shipbuilding & Marine Engineering Co. in Korea to build three ice class liquefied natural gas carriers. 
   The ships are intended for Yamal LNG project, which is located at Port Sabetta off Russia’s northern coast. 
   The ice class LNG carriers for the project will have independent ice-breaking capabilities that permit them to sail in icy seas with maximum 2.1-meter ice thickness. The vessels will be capable of transporting LNG from the Yamal plant to markets worldwide. During the summer, they will also transport LNG to East Asia, the carriers said.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.