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OPERATIONS

GEV extends shipbuilding LOI

GLOBAL Energy Ventures has extended its letter of intent with shipbuilder Yantai CIMC Raffles Offshore to the end of the year, the Perth-based CNG hopeful said today.

Helen Clark
A graphic of GEV's planned CNG Optimum 200 ships

A graphic of GEV's planned CNG Optimum 200 ships

The contract price remains US$135 million to $140 million per ship and delivery schedule is 30 months.    The company will initially build four of GEV's planned CNG Optimum ships with a capacity of...

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