HomeShandong Marine Orders Four 175,000 cbm LNG Carriers at Jiangnan With Shell Charter Cover

Shandong Marine Orders Four 175,000 cbm LNG Carriers at Jiangnan With Shell Charter Cover

January 30, 2026

Shandong Marine has placed an order for four LNG carriers at Jiangnan Shipyard, with 175,000 cbm units slated for 2028 and 2029 delivery and linked to long term charter cover with Shell (Singapore) Trading. The structure described in reporting is a three party chain: Minsheng Financial Leasing as shipowner, Shandong Marine Energy handling commercial management, and Shell International Shipping responsible for technical operations. Pricing has been described by market sources as roughly $220 million per ship (estimate), making this a clean datapoint for the forward LNG carrier pipeline and yard slot demand.

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Shandong Marine LNGC order

Shandong Marine is reported to have ordered four 175,000 cbm LNG carriers at Jiangnan Shipyard, with the ships described for delivery across 2028 and 2029 and linked to long-term charter cover with Shell (Singapore) Trading. Reporting also describes a role split with Minsheng Financial Leasing as shipowner, Shandong Marine Energy handling commercial management, and Shell International Shipping responsible for technical operations.

  • Order size
    Four LNG carriers at 175,000 cbm each, a total of 700,000 cbm of added capacity.
  • Timing
    Delivery described across 2028 and 2029, adding a late-decade supply datapoint.
  • Bottom Line Impact
    Charter-backed tonnage ordering for 2028 to 2029 reinforces the forward LNG carrier build pipeline and supports medium-term visibility on LNG shipping availability as those delivery years approach.
Shandong Marine LNG carrier order with Shell linked cover Four 175,000 cbm newbuilds at Jiangnan, delivery window 2028 to 2029
Fast take Deal facts Moving the needle Watch items
Order size and yard Four LNG carriers ordered at Jiangnan Shipyard.
China built large LNG carrier program continues to deepen.
 Adds a clear forward supply datapoint and keeps large LNG carrier yard slots tight. Any disclosed options, price confirmations, and slot timing updates.
Vessel spec and timing 175,000 cbm ships, deliveries scheduled across 2028 and 2029.
A mainstream size band for term LNG employment.
 Reinforces that charter backed tonnage is still being added in the late decade window. Propulsion choice, efficiency package, and cargo containment details if published later.
Charter chain clarity Shell (Singapore) Trading linked as long term charterer. Minsheng Financial Leasing described as shipowner. Charter backing reduces placement risk and signals continued appetite for term cover. Charter length, delivery start dates, and any profit share or indexation features if they surface.
Who runs what Shandong Marine Energy described as commercial manager, with Shell International Shipping responsible for technical operations. Splitting commercial and technical roles can tighten execution and standardize performance expectations for a chartered fleet. Technical spec alignment with Shell operating standards and vetting requirements.
Cost marker Market sources cited an estimated price around $220m per ship.
Pricing estimates can move with spec and financing structure.
 Helps reset expectations for late decade LNG carrier newbuild economics. Final contract price, refund guarantees, and finance lease terms if disclosed.
Fleet context Shandong Marine is also described as having two LNG newbuilds on order at Samsung Heavy Industries for 2026 and 2027, and being tied to three Q Max newbuilds linked to QatarEnergy. Points to a deliberate LNG fleet buildout rather than a one off order. Delivery bunching risk and how the group sequences crewing, technical support, and commercial coverage.
Shandong Marine LNG carriers with Shell linked charter cover Four 175,000 cbm newbuilds at Jiangnan, delivery window described across 2028 and 2029
Core datapoint

Four LNG carriers, 175,000 cbm each, ordered at Jiangnan Shipyard with long-term charter cover linked to Shell (Singapore) Trading.

Reported structure also references a leasing owner, a commercial manager, and a technical operator role split.
Delivery window

The ships are described for delivery across 2028 and 2029, adding late-decade supply visibility in a mainstream LNGC size.

Timing matters because LNG carrier ordering has been clustering into similar delivery years.
Ownership and operation split

Reported roles: Minsheng Financial Leasing as shipowner, Shandong Marine Energy as commercial manager, and Shell International Shipping as technical operator.

This format often shows up where charter backing is paired with standardized technical operation.
Order size in one glance
Ships ordered
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Total capacity added
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Indicative capex marker
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LNGC newbuild pipeline items
  • Charter counterparties and whether the cover is firm for all hulls at delivery.
  • Delivery sequence and yard slot position inside the 2028 to 2029 window.
  • Propulsion and efficiency package, since it can affect competitiveness by delivery year.
  • Commercial and technical management allocations and any vetting requirements tied to the charterer’s standards.
Quick math tool: capacity and capex from a newbuild package
Click Calculate to generate totals.
The default price input reflects widely reported market estimates around this deal size band. Adjust to your own assumption.
Bottom Line Impact
Charter-backed ordering in the 2028 to 2029 delivery window adds another clean data point to the late-decade LNG carrier supply build, supporting yard demand visibility and shaping expectations for LNG shipping availability as those years approach.
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