Bestobell Marine is celebrating after securing a major new contract with Hudong Zhongua shipyard in Shanghai, to supply cryogenic globe and check valves for use on the four Teekay shipping vessels to be chartered by BG Group.
The contract will also see Bestobell supply its unique Float Level Insulation Valves (FLIV).
This latest order takes the total number of Chinese vessels using Bestobell’s valves to 14, helping the company secure its position as a major supplier of cryogenic globe and check valves for liquefied natural gas carriers (LNGC) in China.
China is expected to increase its market share of the new build market for LNGC over the next five years, as the Chinese Government signs contracts to import LNG, requiring the accompanying ships to be built in China.
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