China's Cosco Plans Three LNGCs for Arctic LNG 2
China’s Cosco Shipping Energy Transportation plans to spend $923mn to build three LNG carriers for the Arctic LNG-2 project, the company said on January 25.
Cosco will operate the three carriers jointly with Japan Mitsui OSK Line (MOL). The two companies signed a contract with South Korea's Daewoo Shipbuilding & Marine Engineering last October for the construction of the three 172,500 m3 carriers. The vessels are expected to transport LNG for the Arctic LNG 2 project upon delivery in 2023.
The 19.8mn metric ton/year Arctic LNG-2's first train is due to start up in 2023, with its second and third scheduled for launch in 2024 and 2026.