COSCO SHIPPING Energy Transportation Co., Ltd. held the 2019 annual meeting for global clients themed as Transit Energy for the World with Ship in Shanghai on Apr. 3, where DSIC leaders Liu Zheng and Yang Zhizhong attended the meeting.

During the meeting, the two parties officially signed the Memorandum of Cooperation for LNG Dual Fuel VLCC, intending to jointly advance adoption of LNG as major fuel on VLCC to achieve the goal of emission reduction. This is also one of the important steps for project implementation to meet the 3rd phase of EEDI for large ship development key technology application research (to be subsidized later) carried out in a joint effort

The VLCC with adoption of LNG as major fuel is the latest-generation brand shiptype with great market competitiveness independently developed by DSIC, outstanding in energy saving and environment protection, evident in comprehensive energy efficient effect and global leading in performance indicators. It is the first time for this shiptype to break through the challenge for the 3rd phase of EEDI difficult to achieve for current VLCC, which has greatly reduced carbon emission, over 95% sulphur emission, and NOx emission to the highest standard of TierIII.

The cooperation between the two major groups is an important measure to implement the national idea of creative, green, healthy and sustainable development, which has jointly led large ships to transform to the more efficient and environmental trends so as to enable DSIC to gain advantages in the internation.