Recently, Nantong CIMC Sinopacific Offshore & Engineering Co.,LTD.(hereinafter referred  to as “CIMC SOE”) signed a contract order for 2+2 24000m³ ethane/ethylene carriers with Singapore Petredec Company.

The new 24000 cubic meters ethane/ethylene carriers will be completely designed by CIMC SOE, which is a comprehensive improvement over the 22000 cubic meters ethane/ethylene carriers on the market: the cabin capacity has been upgraded from the original 22000 cubic meters to 24000 cubic meters, and the fuel consumption has been significantly reduced under the premise of keeping design speed unchanged, which meets the current international environmental protection regulations for ships, and meets the EEDI Stage 3 and IMO TIER III emission requirements.                                                                                                               

Founded in 1980 and headquartered in Singapore, the Petredec Group’s main businesses include the trading, transportation and distribution of LPG solutions. As one of the world’s largest liquefied gas vessel owners/charterers/LPG trades, with more than 30 years of experience in liquefied gas vessel operations, we are committed to reducing the negative impact of the development of the shipping industry on the environment and have the youngest and most energy-efficient ethane/ethylene fleet in the industry. Giles Fearn, CEO of Petredec said: “we are delighted to establish this partnership with CIMC SOE. We are also expanding our ethane/ethylene fleet to strengthen Petredec’s leadership position in the liquefied gas vessel market. With continued strong growth in U.S. ethane/ethylene exports in recent years, while fleet growth is limited over the next five years market, our ethane/ethylene fleet is expected to continue to benefit.”

CIMC SOE has focused on the field of liquefied gas vessels for 15 years, and has independent capabilities in the design, construction and project management of marine tanks, fuel tanks and entire ship. Previously, it has successfully delivered more than 40 liquefied gas vessels of various types, including the world’s largest newly built 20000 cubic meters LNG carrier, which was selected as the “2022 World Famous Ship”, have a leading global market share. As a leading enterprise in the global market for small and medium-sized liquefied gas vessels, CIMC SOE has won a series of orders for liquefied gas vessels and clean energy vessels this year, including 40000 cubic meters  MGC, and the overall order has exceeded 8 billion yuan.

Gao Wenbao, vice president of CIMC Enric and general manager of CIMC SOE said: “Petredec has a long record of building high-quality vessels successfully in China, and we are pleased that Petredec has trusted CIMC SOE to build its latest series of 24000 cubic meters ethane/ethylene carriers. We look forward to cooperating closely with Petredec and deliver this project successfully, and we believe that the quality and performance of this carrier will become the standard in the industry. In the future, we will continue to take the dual-carbon strategic goal as the guidance, deepen strategic cooperation with high-quality customers in the shipping sector, and fully promote the green transformation of the shipping industry.