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.
Container ship Containerships VII - Image courtesy: Ian Greenwood
“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 the 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.
Source: LNG World News