The 100,000-cbm Pacific Dubhe was named during a ceremony at Jiangnan Shipyard on May 8. The event was attended by top executives, including Jiang Guodong, Chairman of Shandong Marine Group; Kou Guangwu, President of Wanhua Chemical; Xiao Wenlin, General Manager of Jiangnan Shipyard; and Qian Hong, incoming President of ABC Financial Leasing. Li Maozhong, Chairman of Shandong Marine Energy, attended the ceremony and delivered a keynote address, while Ms Li Xia served as godmother, officially naming the vessel.

The delivery marks a major step for Pacific Gas in focusing on its core business and fulfilling its mission to secure national energy supply chains. Once in operation, the vessel will be dedicated to transporting ethane for Wanhua Chemical. This partnership leverages the synergy between upstream chemical production and downstream logistics, demonstrating the company's strength in both chemical engineering and ocean shipping.

The Pacific Dubhe is the first of seven VLECs planned under a collaborative project between Pacific Gas and Wanhua Chemical. The vessels are being deployed under a customized, long-term time charter structure designed to meet Wanhua’s massive ethane feedstock import requirements. This project promotes seamless connection between factory demand and maritime transportation, effectively ensuring a stable supply of core raw materials, reducing costs, and enhancing the industrial chain's overall resilience, which allows charterers and shipowners to achieve mutual benefit and collaborative breakthroughs, empowering and facilitating the high-quality development of the Marine industry.

Looking ahead, Pacific Gas will continue to leverage its competitive advantages in ocean gas transportation to further enhance its vessel management and operational capabilities while deepening partnerships with industry leaders. The company is committed to a strategy focused on "professionalism, intelligence, and decarbonization" to support the global transition toward greener energy while maintaining a secure maritime corridor for energy supplies.