John Fredriksen-backed Avance Gas has four 40,000-m3 LPG carrier newbuildings on order at Nantong CIMC Sinopacific Offshore & Engineering Co (CIMC SOE) for delivery in 2025 and 2026.
Wärtsilä’s range of complete cargo handling systems for gas tankers are designed to reduce operating costs and improve the vessel’s Energy Efficiency Design Index (EEDI). The company will also supply an LPG fuel supply system.
CIMC vice president and chief executive of CIMC SOE, Wenbao Gao said, “We are very familiar with Wärtsilä’s capabilities in gas handling applications, and we are confident they are the best solution for these new vessels. The global support they can offer through their broad and comprehensive service network is another reason why they were chosen.”
These will be the first medium-sized LPG carrier vessels built at the SOE yard.
The Wärtsilä equipment is scheduled to be delivered in the latter part of 2024, and the ships are expected to be delivered in H2 2025 and onwards.
Avance Gas has also agreed to sell two South Korea-built very large gas carrier newbuildings scheduled for delivery in 2024. 91,000-m3 dual-fuel vessels Avance Castor and Avance Pollux will be sold for a combined US$240M to an unnamed buyer.
Tags: Avance Gas, CIMC, EEDI, LPG
Recent Posts
Hyundai Glovis to Retrofit Seven PCTCs with Avikus AI Navigation System
Super Terminais orders three more Konecranes Gottwald ESP.10 Mobile Harbor cranes
Covestro and HGK Shipping Extend Partnership to 2040 with Focus on Wind-Assisted Vessel Retrofit
Artemis Technologies Successfully Demonstrates 100 Percent Electric Crew Transfer Vessel at Aberdeen Offshore Wind Farm
IACS Council Advances Decarbonisation, Digitalisation and Governance Priorities at C91 Meeting in Beijing
Japan Launches Major R&D Project to Advance Shipbuilding with Alternative Fuels
EU Adopts Emissions Standards for Low Carbon Hydrogen to Bolster Clean Energy Market
Trafigura to Implement ZeroNorth’s AI Platform Across Global Fleet