Breaking News: Chinese Shipbuilding giant likely to fetch Qatari LNG vessel order
2019年11月21日 14时 Beyond Shipping
On November 19, a delegation led by Minister of State for Energy Affairs and the President of Qatar Petroleum and Qatar Gas, H E Saad bin Sherida Al Kaabi paid a visit to China Shipbuilding Corp.
Last month, China State Shipbuilding Corp and China Shipbuilding Industry Corp begun the merger process, according to a brief statement from State-Owned Assets Supervision and Administration Commission's Bureau of Enterprise Reform. Lei Fanpei, chairman of CSSC, will be named chairman of the new company.
Lei FanPei warmly welcome the guests from Qatar and held talks with them. Other senior management from Qatar joining the meeting are: Sheikh Khalid bin Khalifa Al-Thani, Chief Executive Officer of Qatar Gas, Jassim Mohammed Al-Marzouqi, Senior Vice President of Business Development from Qatar Petroleum, ,Alaa Abu Jbara, Chief Operating Officer of Business & Shipping from Qatar Gas, Abdurrahman Mohammed Al-Mulla, General Manager of Shipping from Qatar Gas and Ali Nasser Telfat, Director of President Office from Qatar Petroleum.
And the Chinese counterpart includes Sun Wei, Deputy General Manager of China State Shipbuilding Corporation Limited(CSSC), Wang Yongliang, Director of Ship and Offshore Dept. of CSSC, Chen Jiangliang, President of Hudong-Zhonghua Shipbuilding (Group) Co., Ltd, Wang Qi, Presiden of Waigaoqiao Shipbuilding Co.,Ltd, Li Hongtao, President and General Manager of China Shipbuilding Trading Co., Ltd, and Tan Guohua, President of WinGD.
H E Saad bin Sherida Al Kaabi expressed congratulations on the merger of CSSC and CSIC. He said, ”CSSC is a leading enterprise in the world shipbuilding industry and has strong strength in ship research, development, design and construction. We would like to increase ties with CSSC and promote practical cooperation in various fields”. Qatar has rich oil and gas resources and holds the world’s third-largest natural gas reserves.
Lei Fanpei elaborated on the latest development of CSSC. He said, ”China and Qatar enjoy good relations and business ties. It is important for Chinese shipbuilders and Qatari energy enterprises to join hands together and seek beneficial cooperation and win-win development.
Both sides agree to enhance in-depth exchanges and promote project cooperation.
Beyond Shipping learned that before came to Beijing, the Qatari delegation visited South Korea and today marks the first meeting between Qatar energy enterprises and CSSC.
Earlier this year, Qatar authorities unveiled initial plans for a 60-LNG carrier order but orders could exceed 100 vessels. QP plans to expand the Ras Laffan LNG facility to 110mn t/yr from 77mn t/yr at present.
Industry experts said the cost of per vessel exceeds 200 million US dollars and the total value of 60 vessels could up to 12 billion US dollars.
In the recent years, Korean shipbuilders dominate the LNG newbuilding market. Among 150 LNG vessel orders, nearly 90% were won by three Korean shipyards. Hudong- Zhonghua shipbuilding also tried but with little success.
This meeting between the two sides sees the chance for Hudong-Zhonghua to fetch LNG vessel orders placed by Qatar Gas. Further, dual-fuel main engine designer WinGD, which is wholly-owned by CSSC, continues to increase the market share, beating out MAN's MEGI engine. With the integrated operation, CSSC would able to offer a more specified and complete solution to Qatar Gas.
In addition, Jiangnan Shipyard and Dalian New Shipbuilding Heavy Industry also have capabilities to build LNG vessels. This September, the launching ceremony of the world's largest LNG-fueled containership CMA CGM JACQUES SAADE was held at the Shanghai Jiangnan-Changxing Shipyard and the vessel is expected to be delivered to CMA CGM in March 2020.
If these three shipyards could fully develop their capabilities in LNG construction, in time, Chinese shipbuilders would compete with Korean shipyards.
Qatar Gas has signed a leasing contract with Shanghai Shipping on two JACK-UP which is built by Waigaoqiao shipbuilding.
Beyond Shipping
