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China's Tianjin Southwest Maritime (TSW) has continued its fleet expansion with an order for two VLGCs.
Jiangnan: VLGC scoop
.State shipbuilder CSSC said on its website that the TSW subsidiary Hong Kong Southwest Maritime Company had contracted two 83,000-cbm vessels at Jiangnan Shipyard.
No delivery date was given.
"With the signing of this contract, Jiangnan Shipyard has strengthened its position as a leader on ship restructuring and development in the domestic market, and further extends its influence on an international level," the statement said.
Last month, TradeWinds reported that Guangzhou-based TSW teamed up with Chinese LPG importer and distributor Jovo Group to buy the 78,000-cbm Reference Point (built 1991).
The price of the ship has not been disclosed but online platform VesselsValue.com estimates it to be worth $22.3m.