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Taizhou Wuzhou Shipbuilding to build two LNG bunkering tankers for Kanfer Shipping

28 May 2021

Norway-based shipping company focusing on small-scale LNG sea transportation and LNG bunkering Kanfer Shipping AS on Wednesday (26 May) signed a shipbuilding contract with China-based Taizhou Wuzhou Shipbuilding Industry Co. Ltd (Taizhou) for the construction of its first two small-scale LNG bunker and distribution ships.

The 6,000 cbm tank capacity vessels are scheduled for delivery by second half 2023, with the option to build additional vessels.

“Taizhou has deep experience in building small-scale LNG carriers and Kanfer’s technological partner, CGR Arctic Marine AS, has worked closely for years with the yard. This relationship and their competitiveness have made Taizhou an ideal choice for construction of Kanfer’s 6,000 cbm capacity small-scale vessels,” said Founder and CEO Stig Hagen of Kanfer Shipping.

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. Key features include:

  • Mono-tank design, with simple arrangement and minimal boil-off
  • Pure gas electric power production combined with hybrid battery technology
  • Lowest possible environmental footprint
  • Extreme manoeuvrability with Azipull thrusters and bow thruster combined with joystick operation
  • 500 cbm MDO cargo tank

The above technical features allow for both capex and opex savings:

  • Reduced crew size
  • Lower operational and maintenance costs
  • Minimal boil-off
  • Significant capex savings due to LNG-fueled vs dual-fueled design

“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 bunkering vessels,” notes Hagen.

“This is just the start”, continues Hagen. “We will be building a large fleet of small- and medium-scale LNG distribution and bunkering ships. We see a rapidly expanding market for LNG bunker vessels as the world maritime industry continues to pivot towards its decarbonisation goals through LNG.”

“The current very modest orderbook for new LNG bunkering vessels makes our decision well-timed, especially now that equivalent, new-built vessels to be delivered in 2022 and 2023 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 and for the requirement of different sizes of bunkering and distribution ships that Kanfer is in a position to build.

“This is one of the reasons why Kanfer is confident that the timing is advantageous. The designed for purpose vessels offers lower CAPEX as well as OPEX and will be a competitive LNG bunkering vessel in the market.”

 

Photo credit: Kanfer Shipping
Published: 28 May, 2021

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