CSSC Jiangnan Shipyard has inked a batch of letters of intent for the
construction of six vessels totaling in $1bn.
The transactions include two 175,000 cu m LNG carriers
from a Singapore-based owner which are due for delivery by the end of July
2017, and four 98,000 cu m VLECs from two Hong Kong-based owners.
Two
of the VLECs are scheduled for delivery at the end of October 2025 and the
other two will be delivered by the end of January 2026.
Performance of the letter of intent will being
positive impacts to the company’s future income, which could improve the
company’s middle and long-term competitiveness and
profitability, according to CSSC Holdings.
Earlier this year, Jiangnan Shipyard and ADNOC
Logistics & Services entered into shipbuilding contract for the
construction of three 175,000 cu m LNG carriers, strengthening Jiangnan’s
position in global LNG carrier construction market.