Sembcorp Marine to build CGL carriers for US-based SeaOne

It signed a letter of intent for the design and construction of two carriers.

Sembcorp Marine and US-based SeaOne Caribbean LLC (SeaOne) signed a letter of intent (LOI) for the design and construction of two large Compressed Gas Liquid (CGL) carriers.

According to a press release, the vessels will be used for SeaOne's Caribbean Fuels Supply Project.

Sembcorp Marine will design neo-panamax CGL carriers based on SeaOne's single gas and liquids cargo delivery requirements, with help from its subsidiary, LMG Marin.

The 366m long, 2 billion bcf capacity carriers will be equipped with SeaOne's technology and systems.

The CGL cargos will be transported to terminals in the Caribbean, Central, and South American regions.

Sembcorp Marine does not expect the LOI to affect company performance for the year.