Swedish shipping company Erik Thun said its joint venture with KGJ Cement, JT Cement, ordered a new LNG-fueled cement carrier at the Ferus Smit Shipyard.
The order was placed with the shipyard following an agreement under which Nova Algoma Cement Carriers joined the JT Cement joint venture by acquiring a 25 percent stake from KGJC.
Eric Thun said the company will keep its 50 percent stake in the joint venture.
Regarding the newly ordered vessel, the company said the project will be handled by MF Shipping Group with support from KGJS.
The vessel will be an improved version of its sister vessels Greenland but with a somewhat larger cargo carrying capacity at 8.000 dwt, the statement reads.
In addition, the LNG tank capacity will be increased to 200 cubic meters, improving the steaming time on LNG. The LNG fuel system for the third LNG-fueled cement carrier will be supplied by Cryonorm Systems.
Delivery of the newbuild is scheduled for July of 2019, Erik Thun said in its statement.