Shanghai based China Merchants Energy Shipping (CMES) announced the approval of China LNG Shipping Holdings (CLNG), which is taking part in bidding for the Yamal LNG transport project.
CLNG is a joint venture between CMES and Cosco Dalian. The company runs a fleet of six LNG carriers and it recently gained approval from CMES to invest, alongside China National Offshore Oil Corp. and BG Group, in four additional LNG carriers.