Sinotrans Shipping Ltd has announced that it is in negotiations with a number of other parties regarding the possibility of a joint venture (JV). This JV will involve the commissioning of five arctic LNG carriers, which will serve in the arctic LNG shipping industry. Sinotrans is expecting to own approximately 25.5% of the overall shares in the JV.
All involved parties are still in the negotiations phase and, so far, no legal documents or contracts have been signed.
Edited from various sources by David Rowlands