Avenir orders two large LNG bunkering vessels in China

UK-based small-scale LNG player Avenir has ordered two 20,000-cbm LNG bunkering and supply vessels at China’s CIMC SOE.

The joint venture of Stolt-Nielsen, Hoegh LNG, and Golar LNG said in a statement on Thursday that the vessels will be delivered in the fourth quarter of 2026 and the first quarter of 2027.

Avenir did not provide the price tag of the order.

The newbuildings will feature new type C tank designs, lower boil-off rates, the latest engine technologies, hull form optimization, and subcoolers which offer carbon emission reductions and minimizes cargo losses compared to other vessels of this size, it said.

Also, the vessel design “enables maximum compatibility and versatility for loading and discharging LNG and bio-LNG to a wide range of receiving vessels and terminals reflecting the growing needs of our customers,” Avenir said.

Second phase of growth

This new investment program marks the second phase of growth for the company, increasing the fleet by 40 percent and 80 percent in terms of total capacity.

“We are pleased to be returning to SOE for our newbuilding program and continuing our relationship with the shipyard where we successfully built our last four vessels,” Jonathan Quinn, managing director of Avenir said.

“With the demand for LNG and bio-LNG as a bunker fuel set to grow over the next decade, these vessels will play a vital role in ensuring security of supply and decarbonizing global shipping markets,” he said.

In May 2022, Avenir took delivery of the 20,000-cbm Avenir Achievement, chartered by Shell, from CIMC SOE, concluding its initial asset development program.

VesselsValue data shows that the price tag for Avenir Achievement, which was ordered back in 2018, was at about $56 million. The data suggests that its newbuild value is at $66.5 million.

Avenir Achievement also has a sister vessel but Avenir sold it to a joint venture consisting of China’s terminal operator Shanghai International Port (SIPG) and Shenergy.

The small-scale player also has four 7,500-cbm LNG bunkering vessels in its fleet, and it owns the Higas terminal located on the Italian island of Sardinia.

- Advertisements -

Most Popular

Japan’s Jera plans to invest up to $13 billion in LNG

Japan's power firm and LNG player, Jera, plans to invest 1-2 trillion yen ($6.47-$12.96 billion) in its liquefied natural...

CoolCo, GAIL seal charter deal for newbuild LNG carrier

LNG carrier operator CoolCo has entered into a 14-year charter deal with India’s largest gas utility GAIL for one...

TotalEnergies supplies LNG cargo to PetroVietnam Gas

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received a liquefied natural gas cargo from a unit of France's...

More News Like This

CIMC SOE delivers LNG bunkering vessel to CNOOC

China’s Nantong CIMC Sinopacific Offshore & Engineering has delivered a 12,000-cbm liquefied natural gas (LNG) bunkering vessel to compatriot...

Wartsila scores contract for Spanish LNG bunkering vessel

A unit of Finland’s Wartsila has secured a contract to supply a cargo handling system for a new LNG...

CNOOC’s LNG bunkering vessel nears delivery

CNOOC’s 12,000-cbm liquefied natural gas (LNG) bunkering vessel, Hai Yang Shi You 302, has recently completed its sea trials. State-owned...

CIMC SOE launches Seaspan’s second LNG bunkering ship

China’s Nantong CIMC Sinopacific Offshore & Engineering launched the second 7,600-cbm LNG bunkering vessel it is building for Canada’s...