COSCO SHIPPING Energy invests US$43.5 million in the construction of 5 LNG ships

COSCO SHIPPING Energy announced on November 1 that China LNG Shipping (Holdings) Limited (CLNG, a joint venture company in which the Company and CMES each hold 50% of the shares) would participate in the investment and construction of five LNG ships.

COSCO SHIPPING Energy will increase the capital of CLNG according to the ship price and financing ratio finally determined by the project, with the amount of about 43.5 million dollars.
 
Source: Xinde Marine News Sarah Yu

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