COSCO shipping and China Merchants are world-leading shipping enterprises. Strong shareholder support injects robust impetus for CLNG’s continual and steady development. Relying on shareholders’ solid strength, large network of customers and outstanding reputation, CLNG will strive to become a world-class LNG shipping player.
Engaged in drafting and negotiating ship technical specifications, choice of shipyard and supervision during ship-building period. The CLNG technical team initially worked with Shell International Trading and Shipping Company Limited (“STASCO”) on supervision of 5 Membrane type LNG carriers and independently conducted the supervision of 1 Membrane type LNG carrier.
Engaged in project feasibility studies, the formulation and evaluation of LNG shipping proposals, the drafting and negotiation of business contract, as well as daily management of the SOCs, it is the dominant shareholder.
The LNG transportation projects led by CLNG or with CLNG’s participation are in line with China’s energy policy, which had received great support from Chinese financial institutions with favorable financing terms. Meanwhile, they will continue to provide financing support to CLNG’s new project development.
CLSICO is china’s first specialized LNG ship management Company. As CLNG’s ship management arm, CLSICO are managing 7 LNG carriers built in China. CLSICO tasks to operate LNG ships to the highest international standards while supports the development of the LNG industry in China.