Containerships plans additional investment in LNG technology

Containerships plans additional investment in LNG technologyImage courtesy of Containerships

Finnish shipping company Containerships is aiming to continue its growth through investment in LNG technology during 2017. 

The group, that currently has over 40 LNG-fueled trucks in use will add four LNG-fueled container vessels, one in each quarter of 2018.

“The aim is to be the first company to offer a full transport chain based on LNG-powered solutions in its market area,” the company said in its latest report.

Containerships signed a shipbuilding contract with Guangzhou Wenchong Shipyard in China for the construction of four LNG-fueled container ships with an option for additional four vessels.

The vessels with a capacity of 1,400 TEU that will be operating in Baltic and Nordic sea are built in co-operation with the ship management company Nordic Hamburg.

Containerships have already made a €17.2 million (Approx: US$18.3 million) prepayment for the four LNG-vessels, with further payments to be made once the vessels enter service. The company also received the support of European Union with a €2.2 million prepayment for the project. EU’s total support for the project totals €17 million.

1 EUR = 1.06139 USD

Share this article

Follow LNG World News

Events>

<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Mozambique Gas Summit & Exhibition

Now in its fourth edition, the Mozambique Gas Summit & Exhibition is recognized as the leading strategic meeting for Mozambique’s gas industry…

read more >

LNGgc London

Attend LNGgc London this year, the flagship event of the international LNGgc series.

read more >

CWC World LNG & Gas Series: Asia Pacific Summit

Now in its ninth year, the most established and highly-regarded LNG Summit in Asia Pacific – CWC’s World LNG & Gas Series: Asia Pacific Summit…

read more >

International Gas Cooperation Summit (IGCS)

The International Gas Cooperation Summit (IGCS) is a platform for South Africa’s aspirations to build an energy hub for gas cooperation…

read more >