Two shipping giants are teaming up to order five LNG carrier newbuildings out of the nine vessels required by Chinese energy major Sinopec. Another Chinese company is in the frame for the other four ships.

Several shipbuilding sources said Japan’s Mitsui OSK Lines and China’s Cosco Shipping LNG Investment, known as CSLNG, will order three LNG carriers at Dalian Shipbuilding Industry Co (DSIC).