Singapore-listed Yangzijiang Shipbuilding is said to be poised to ink a deal for four LNG dual-fuel 8,000-teu boxship newbuildings worth about $480m from Asian liner giant Pacific International Lines (PIL).

TradeWinds has learned that a letter of intent has been signed and shipbuilding sources say an official newbuilding contract should be inked imminently.

The sources added that PIL had selected Yangzijiang over Shanghai Waigaoqiao Shipbuilding and Samsung Heavy Industries as its preferred yard because it offered GTT’s Mark III membrane system for the LNG tanks.