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Seaspan signs LNG framework agreement with COSCO SHIPPING Energy

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LNG Industry,

Seaspan Corp. has announced that it has signed a framework agreement for strategic cooperation with COSCO SHIPPING Energy Transportation Co. Ltd.

COSCO SHIPPING Energy specialises in LNG, oil products, and other energy transportation under China COSCO Shipping Corp. Ltd, and has the largest LNG fleet in China.

Pursuant to the agreement, Seaspan claims that both parties are committed to strengthening their exchange of and collaboration on opportunities relating to LNG investments, LNG projects, LNG transportation, ethane transportation, or other related and mutually beneficial projects. According to the statement, the strategic partnership will leverage both companies’ strengths and networks, taking advantage of COSCO SHIPPING Energy’s experience in the construction, operation and management of LNG vessels, and Seaspan’s global experience in the operation and management of containerships, as well as the networks and experience of its board members in the energy sector.

Bing Chen, Seaspan’s President and Chief Executive Officer, said: “Seaspan has long standing integrated services with COSCO Shipping in container shipping, and we are proud to carry this partnership forward to opportunities in LNG. We are confident that the combined strengths of both companies will generate significant value in the future.”

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