Utkilen to invest hugely on multifuel ships and LNG retrofits

Utkilen, a Norwegian chemical tanker operator, is investing €125m ($131m). The company will invest in four multi-fuel newbuilds and the retrofitting of four existing ships to operate on LNG. It has also contracted Turkey’s Icdas yard for the 6,700 dwt quartet that will be delivered from the beginning of 2024. According to the company sources,