Forward Maritime Group Inc. has reportedly signed a letter of intent (LOI) with Jiangsu Yangzijiang Shipbuilding Group to build a total of 20 liquefied natural gas (LNG) fuelled bulkers for deliveries between 2020 and 2023.
The vessels will be trading under the Forward Ships brand when delivered.
Forward Maritime is a joint projected started and funded by Arista Shipping in 2013 to encourage the use of LNG as a marine fuel.
Project members include ship classification society ABS, vessel design, offshore engineering and construction firm Deltamarin, LNG engineering firm GTT, engine manufacturer Wartsila, and oil major Royal Dutch Shell.
Photo credit: Forward Maritime
Published: 11 April, 2018
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