Company profileDevelopment MilestonesAdvantagesGeneral Manager Speech
China LNG Shipping (Holdings) Limited (CLNG) was incorporated by China COSCO Shipping Corporation and China Merchants Group in Hong Kong on 15 March 2004 with the approval of the Ministry of Commerce of the People's Republic of China.
CLNG is the first company in China specializing in LNG shipping, covering LNG transportation project research, investment, supervision and management of LNG carriers.
CLNG cooperates with CNOOC and local energy companies to invest and establish six ship-owning companies in Hong Kong with the six LNG vessels providing LNG shipping services for Guangdong, Fujian and Shanghai. Among them, "Dapeng Sun" delivered in April 2008 is the first LNG vessel in China.
CLNG actively participated in the investment of domestic and international LNG transportation projects. Cooperated with CNOOC and Seapeak to establish four joint venture ship-owning companies for PU projects in Hong Kong. Jointly established five ship-owning companies for the DSC project in Cyprus in cooperation with Dynagas and Sinotrans; Established TC LNG Shipping LLC (hereinafter referred to as TC Company) in the Marshall Islands with Seapeak, and wholly-owned ship-owning companies in the Marshall Islands; Partnered with Shenzhen Gas Hong Kong to set up 1 ship-owning company in Singapore; Partnered with NYK, MISC and K-LINE to set up 12 ship-owning companies for QP project in Singaporep;Established two wholly-owned ship-owning companies for the QP Phase II project in Hong Kong.
At present, we have invested in a total of 36 LNG vessels of which 22 have been put into operation.
CLNG’s overall financial status is sound characterized by excellent asset quality, healthy capital structure, relatively strong profitability and stable cash flow.
With the vision of building a globally competitive gas shipping service provider, we focus on customer needs and are committed to providing them with safe and reliable transportation services while maximizing commercial and social value on a sustainable basis.
