China-based Taizhou Wuzhou Shipbuilding Industry Co. Ltd (Taizhou) on Thursday (28 January) signed a Letter of Intent (LOI) to build its first two small-scale 6,000 cbm LNG bunker and distribution ships with Norway-based small-scale LNG sea transportation and LNG bunkering company Kanfer Shipping.
The vessels are scheduled for delivery within the first half of 2023, with the option to build additional vessels.
Kanfer will own the vessels together with its partners and charter them out on long-term contracts.
CGR Arctic Marine AS, the Norway-based technological partner of Kanfer, is a conceptual developer of LNG distribution and bunker vessels, said Kanfer.
CGR’s concept design for these two LNG bunker and distribution ships including their specialized cargo and gas process plants, addresses the immediate industry need for more cost-efficient and environmentally friendly LNG bunkering. They feature:
“These ships will be the most cost-efficient and environmentally-friendly small-scale LNG ships in the global marketplace,” said Stig Hagen, Founder and CEO of Kanfer Shipping.
“Kanfer sees a rapidly expanding market for LNG bunker vessels as the world maritime industry continues to pivot towards its decarbonisation goals through LNG. The growing demand for new LNG bunkering vessels makes our decision well-timed, especially now that equivalent, new-built vessels to be delivered in 2022 have already been chartered out.
“The need for the emergence of new LNG bunkering centres will indeed be critical as the trading pattern for gas driven vessels will be global and very diversified. The existing hubs will also need to expand to cater for growing demand.
“This is one of the reasons why Kanfer is confident that the timing is advantageous. CGR’s very cost-efficient design, verified by Gas Entec, both CAPEX- and OPEX- wise, will make our customers maximally competitive,” said Hagen. Taizhou Yard has extensive experience with building gas carriers.”
Hagen has been working with Capt. Bård Nordberg led the designing and construction of 10 small-scale gas carriers at the shipyard, including several LNG vessels.
“This announcement represents an important step for Kanfer in realizing its goal to provide cost efficient and environmentally friendly bunker vessels. Having strong cooperation with blue-chip shipping companies and LNG terminal owners has positioned Kanfer to move forward today with these two new LNG bunker vessels,” concluded Hagen.
Photo credit: Kanfer Shipping
Published: 28 January, 2021
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