
COSCO Shipping Energy Injects $253m into LNG Unit
COSCO Shipping Energy has approved a $253 million cash injection into Shanghai LNG to strengthen its capital structure, following earlier investments in six LNG carrier newbuildings.

COSCO Shipping Energy has approved a $253 million cash injection into Shanghai LNG to strengthen its capital structure, following earlier investments in six LNG carrier newbuildings.

COSCO Shipping Energy Transportation, Shell and Jiangnan Shipyard have signed a construction agreement for four 175,000 cu metres LNG carriers to serve Shell under long-term charter agreements.

COSCO SHIPPING Energy has ordered four 175,000 m³ LNG carriers from Jiangnan Shipyard in a RMB 6.4 billion deal, with delivery set for 2029 to 2030.
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