On September 9, 2024, COSCO SHIPPING Energy's Board of Directors approved the construction of two 175,000 m³ LNG carriers through its subsidiary Shanghai COSCO Shipping LNG Investment, according to Xinde Marine News. The vessels will be built at Dalian Shipbuilding Industry Co., with a total project investment of approximately $509 million.
The two vessels will be constructed by newly established subsidiaries, Yuanxing LNG Transportation and Yuanzhi LNG Transportation, each with a registered capital of $76.5 million.