Sea Jade Investment poised to exercise options on two LNG carriers

Sea Jade Investment, a joint venture consisting of China Gas, Wah Kwong Maritime Transport and CSSC Shipping, expects to order two more liquefied natural gas (LNG) carriers from Dalian Shipbuilding Industry Co.,ltd. (DSIC) this year, according to shipbuilding industry sources.

On August 21, 2023, SEA JADE INVESTMENT LIMITED ordered 2+2 175,000 m3 liquefied natural gas (LNG) carriers from DSIC. This time, the joint venture will exercise an option for the two optional units.

The first two new LNG carriers are expected to be delivered in 2027.

The LNG carrier is independently developed by DSIC, with a total cargo hold capacity of 175,000 m3. It adopts GTT’s patented Mark III Flex cargo containment system, with four cargo holds, and the liquid cargo system is only used for the transportation of LNG cargo, and is equipped with a re-liquefaction system in parallel.

The LNG carrier is fitted with two WinGD LNG dual-fuel low-speed main engines with integrated iCER system, which reduces oil and gas consumption while enabling both fuel oil and gas modes to meet the most stringent IMO emission standards. The LNG carrier’s hydrodynamic performance is further enhanced by the adoption of the newly optimized double transom line shape, high efficiency propeller and high efficiency twisted rudder with rudder ball, which enhances the safety redundancy of the propulsion system.

It can dock at most of the world’s large LNG shore stations, providing excellent portability and ship-to-shore compatibility. Equipped with 4 sets of dual-fuel generators, the optimized design can cover the power load demand of the ship under different working conditions.

It is reported that China Gas holds a 30% stake in the jv called Sea Jade Investment, with CSSC Shipping, the leasing arm of state-owned China State Shipbuilding Corporation, owning 25%, while the remainder is with Vantage, a division of Wah Kwong Maritime.

Yangzijiang Shipbuilding

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