LPG carrier owner Tianjin Southwest Maritime (TSM) has moved into the LNG business with an order for a trio of newbuildings at China’s Hudong-Zhonghua Shipbuilding estimated to cost $750m in total.
The Chinese shipping company has joined forces with the leasing entity of China State Shipbuilding Corp (CSSC) Group to order the 174,000-cbm LNG carriers at the state-owned yard, to be delivered in 2028.
