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Concordia Damen in 40 LNG dual fuel barge order; newbuildings to be chartered by Shell

09 Nov 2020

Netherlands-based shipyard Concordia Damen on Friday (6 November) signed a contract for 40 eco-friendly dual fuel barges with institutional investors advised by J.P. Morgan Asset Management.

These barges will be chartered by Shell and operated by the VT Group/Marlow; Frachtcontor Capital Partners was the broker for the deal.

The 110 x 11.5 metre vessels will have liquified natural gas (LNG) propulsion and extreme shallow draught capabilities – 2800 ton on 3.25 metre draught – in order to maximise cargo carrying capacity on Dutch, Belgian and German canal and river networks.

“Concordia Damen has a proven track record in the delivery of products that are highly efficient and sustainable,” said Martin van Veen, Freight Trading Manager, Shell.

“In addition, they have demonstrated their capabilities in the delivery of shallow draught vessels – which is of importance to this project. We are looking forward to the collaboration.”

“We are very grateful to have received this order and are looking forward to beginning the work. This is yet again a validation of our efforts towards greater levels of sustainability in the inland shipping sector,” said Chris Kornet CEO Concordia Damen.

The VT Group is specialised in inland shipping, transporting minerals, chemical products, bio fuels and lubricants. The Parsifal tankers will transport mineral oils between Antwerp, Amsterdam, Rotterdam and the Rhine network. 

Concordia Damen said it will begin construction of the tankers in December this year. The delivery of the first vessel will be in November 2021, following which, the yard will deliver another vessel each month, completing the entire order by December 2024.

Photo credit: Concordia Damen
Published: 9 November, 2020

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