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COSCO SHIPPING Investment Dalian Acquires First VLGC M.V. GAS ARIES

Date:2022-11-18 Read times: font size:[ L M S ]

On October 26, COSCO SHIPPING Investment Dalian and GAS ARIES Limited held a virtual signing ceremony for the delivery of the vessel M.V. GAS ARIES. Chairman of COSCO SHIPPING Investment Dalian Mr. Zhu Maijin and other relevant leaders and guests from Beijing COSCO SHIPPING Ship Trading Company witnessed the signing of the acceptance agreement. Director and President of COSCO SHIPPING Investment Dalian Mr. Ren Yuanqing signed the agreement on behalf of the company.

M.V. GAS ARIES is a very large gas carrier (VLGC) with a total tank capacity of 81,429 cubic meters and in good operating condition. After acquisition of the vessel, COSCO SHIPPING Investment Dalian will rename it M.V. CHANG XING YUAN; it is expected to be put into operation on international routes in November 2022.

M.V. GAS ARIES is the first ultra-large LPG carrier obtained by the company after it established the development vision of building a first-class LPG end-to-end logistics service provider. By owning the vessel, the company can further enhance the overall capacity of its LPG fleet and take a step closer to its goal of being number one in China and taking a leading position in the world in terms of the LPG fleet size.

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