Containerships plans additional investment in LNG technology

Containerships plans additional investment in LNG technology

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>

<< Jul 2019 >>
MTWTFSS
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 4

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >