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Global Energy Ventures chooses CIMC for compressed natural gas ships

The shipbuilding contract is valued at $135m-$140m, subject to final negotiation, and with first delivery scheduled within 30 months of final signing. Yantai CIMC will undertake the engineering, procurement and construction of four vessels with options for four more

The Chinese yard won the contract to build the four 200MMscf CNG carriers in a competitive bid among three yards

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