China Shipping Venture to Order Six LNG Ships for $1.2 Billion
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China Shipping Development Co.’s venture will order six liquefied natural gas tankers worth about $1.2 billion by June to tap the nation’s rising demand for cleaner fuel, Chairman Li Shaode said.
“We will expand LNG transportation business to make it become a new profit growth driver as soon as possible,” Li told reporters in Hong Kong yesterday. “The deal means a 20-year shipping contract for us, which will bring us stable earnings.”