COSCO deploys tank containers for LNG import

COSCO tank containers aid Canada LNG import

COSCO SHIPPING has provided LNG tank containers for Liquefied Natural Gas (LNG) import from Canada.

The containers were manufactured by Lianyungang COSCO SHIPPING Special Equipment Manufacturing Co., Ltd. – a joint venture established by COSCO SHIPPING (Qingdao) Co., Ltd. and Lianyungang Traffic Control Logistics Group.

COSCO SHIPPING Freight provided supply chain services including shipping, land transportation and customs clearance.

A first vessel loaded with empty tank containers at Qingdao Port set sail to the Port of Vancouver, Canada for container filling, and then directly delivered the imported LNG to domestic end-users via ocean shipping.

READ: COSCO cashes $13.6 billion profit for 2022

Featuring integrated energy storage and transportation, LNG tank containers supplement the energy reserve for peak shaving, and provide flexible solutions to LNG storage and transportation for end-users, reducing the overall operating costs.

COSCO believes that compared with the traditional transportation mode, LNG tank containers have made up for the weakness that constrains the development of natural gas application.

In this regard, COSCO SHIPPING Freight made detailed schemes from many aspects such as shipping space support and ground operation, and customised a feasible shipping plan.

The company managed to provide total supply chain services covering ocean shipping, land transportation and customs clearance, successfully realising end-to-end transportation of its LNG tank containers.

Earlier this autumn, COSCO was involved in a spat over its bid into HHLA’s Container Terminal Tollerort GmbH (CTT).

The German government approved the acquisition of a minority stake of less than 25 per cent by COSCO, stressing that neither CTT, nor HHLA, nor the Port of Hamburg will be sold to China.

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