Australia-listed Global Energy Ventures (GEV) is ready to award shipbuilding contracts for four new compressed natural gas (CNG) carriers.

It said it had received "comprehensive technical specifications" from three shortlisted shipyards to construct the new CNG 200 Optimum design.

The unnamed yards had until the end of March to come back with their plans.

The new Global Energy Ventures design Photo: GEV

GEV’s shipping team, led by non-executive director Jens Martin Jensen, will now complete an evaluation of each specification.