BRI: China's SWS to help develop new LNG carrier designs

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Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corporation, will collaborate with Qatar Petroleum, LNT Marine and the American Bureau of Shipping (ABS) to collaborate on the development of new medium and large liquefied natural gas (LNG) carrier designs, it was announced on Wednesday.

A statement by Qatar Petroleum said the agreement would pave the way for the establishment of a Joint Industry Project (JIP) that targets the development of new LNG carrier designs utilising the LNT A-BOX LNG cargo containment system. Other signatories to the agreement include Qatargas and affiliates of ConocoPhillips, ExxonMobil, Shell and Total.

The LNT A-BOX LNG cargo containment system is a new design that has recently been deployed on the 45,000 m3 new built ABS-classed vessel ‘Saga Dawn,’ which entered commercial service in the second quarter of 2020.

David Wu, LNT Marine’s Founder and Chairman, said, “We are very pleased to cooperate with Qatar Petroleum and other market leaders in the LNG industry, to support new technology development for the next wave of LNG carriers. Based on our decade of hard work and today’s cooperation with Qatar Petroleum, Qatargas and the other distinguished international partners, including ABS and SWS, we have confidence in our ability to develop state-of-the-art LNG carrier designs with the LNT A-BOX containment system to accommodate the future shipping requirements of the LNG industry.”

LNT Marine is a technology provider within the LNG sector, developing gas carriers and cryogenic insulation systems for marine applications. ABS is a leading global provider of classification and technical advisory services to the marine and offshore industries.

(Reporting by Syed Ameen Kader; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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