Philly Shipyard pens LOI for LNG-ready containerships

Philly Shipyard pens LOI for LNG-ready containerships

Philly Shipyard, the U.S. unit of Philly Shipyard ASA, signed a letter of intent with a blue chip U.S. shipping company for the construction of up to four LNG-ready containerships for the US-Hawaii trade route.

During last month, the shipyard started construction on the first two vessels, with delivery planned for 2020 while the second pair is to follow a year later.

The LOI marks the entry into the next phase in the transaction process, building on ongoing discussions between the parties.

“The identity of the shipping operating company is not being disclosed at this time,” Philly Shipyard’s statement reads.

Under the terms of the LOI, it is contemplated that the shipping operating company will make an initial order for two 3,700 TEU containerships and receive options to order two additional sister ships. It is intended that these vessels will service the containership trade between the U.S. West Coast and Hawaii.

These vessels are the continuation of the series of two similar 3,600 TEU Aloha Class containerships currently under construction at PSI for the Hawaii trade-lane.

Share this article

Follow LNG World News


<< Dec 2019 >>
25 26 27 28 29 30 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 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >