Spliethoff to build seven LNG-fuelled vessels for UPM charter

Illustration (Image courtesy of U.S. Army Corps of Engineers)

Finnish forest industry company UPM has entered into a long-term charter agreement with two affiliates of the Dutch Spliethoff Group for seven LNG-fuelled vessels.

UPM said on Monday that it signed the agreement with the Finnish Bore Ltd and the Dutch Wijnne Barends.

According to the company, the three firms will design and build seven vessels for sustainable sea transportation for UPM in Europe.

Bore will build three roll-on lift-off (RoLo) vessels for transporting UPM’s paper products, and Wijnne Barends will build four lift-on lift-off (LoLo) vessels for transporting pulp and other forest products.

The vessels will be built in China and are scheduled to be delivered in 2021 and 2022.

All vessels are time chartered by UPM and will be fully operated by the company. They will be ice-strengthened and meet the latest technological, operational, and environmental standards.

The vessels will be fueled with LNG which results in around 25 percent reduction of CO2 emissions compared with commonly used marine gas oil. Also, nitrogen oxides and sulfur oxides emissions will decrease by approximately 85 and 99 percent, respectively.

Michael van den Heuvel, CCO of Spliethoff, said: “We are very pleased to be able to offer UPM these next-generation sustainable vessels. The new vessels running on LNG fit well in our continuous drive for greener operations.”

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
30 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

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

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 >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

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

read more >