Wednesday, March 28, 2018

First Two Liquid Ethylene Gas Carrying Vessels from Five Ship Order Are Named

Chinese and Finnish Cooperation on Latest Generation Craft
Shipping News Feature
CHINA – FINLAND – CIMC Sinopacific Offshore & Engineering Co. Ltd. (CIMC SOE) has completed the first part of a five vessel order for an unnamed Chinese ship owner with the naming today of two 17,000m3 liquid ethylene gas (LEG) carriers. The remaining three vessels will each be 22,000m3 and the transaction marks a significant occasion for the yard, which was successfully reorganised in August 2017 after filing for bankruptcy in 2016.

The two 17,000m3 capacity carriers are fitted with cargo handling systems designed and produced by Finnish group Wärtsilä. Also included from the same supplier is the transfer system comprising the cargo pumps together with the control, monitoring, and safety systems. Wärtsilä provided site supervision during the construction of the vessels, as well as commissioning assistance, to ensure that the proper quality standards were achieved. Timo Koponen, Vice President, Processing Solutions, Wärtsilä Marine Solutions, commented:

“We have enjoyed a very close and successful relationship with CIMC SOE for many years, and we are delighted that the yard is now fully back in operation. The ships are fitted with state-of-the-art cargo handling systems to provide the efficiency required for modern gas carriers. We congratulate everyone involved on this happy occasion.”

Wärtsilä says it is today the largest supplier of complete cargo handling systems for vessels in the ethylene carrier segment with solutions for all carrier sizes. The company’s portfolio includes a complete offering of gas handling products and services, including ship design, cargo tank design and manufacturing, cargo handling systems, engineering and equipment, re-liquefaction plants, regasification systems, fuel gas supply systems, and complete propulsion systems. Mr Gao WenBao, Chief Executive Officer, CIMC SOE, observed:

“We have overcome many difficulties, but now we are celebrating the naming of the first two of the five carriers ordered and the delivery of the first one. We thank Wärtsilä for working with us to ensure a successful outcome.”