China Merchants scores LNG charter contracts worth up to $2.5bn from Sinochem

China Merchants Energy Transportation (CMET) has secured long-term charter deals for three LNG carrier newbuildings it has on order in China.

In a regulatory filing, CMET said its subsidiary company CMES LNG Carrier Investment (CMES LNG) has signed charter deals for up to 30-years charter Singapore-based Sinochem Petroleum Shipping (Sinochem Oil Shipping) for three of the four 175,000-cbm LNG carriers it is building at Dalian Shipbuilding Industry Co (DSIC).