Fairfield Chemical’s LNG-powered tanker launched in Japan

Japan’s Fukuoka Shipbuilding has launched Fairfield Chemical’s second in the series of four LNG dual-fuel stainless steel chemical tankers.

Connecticut-based Fairfield Chemical said in a statement that the launching ceremony for the 26,300-dwt Fairchem Pathfinder took place on September 14.

The firm said that the vessel will feature the same LNG propulsion technology as its sister, Fairchem Pioneer, which is scheduled to enter service in early November.

Fukuoka floated out Fairchem Pioneer on April 7.

Fairfield Chemical expects Fairchem Pathfinder to enter service in February 2024.

The shipping firm ordered Fairchem Pioneer and Fairchem Pathfinder in June 2021.

After that, it exercised an option for two more stainless steel chemical tankers, Fairchem Prestige and Fairchem Pinnacle, in 2022.

MOL Chemical Tankers, a unit of Japan’s shipping giant MOL will buy Fairfield Chemical for $400 million under a recently agreed deal.

Fairfield Chemical’s fleet consists of 36 chemical tankers. As such, the fleet would dovetail with MOL Chemical Tankers’ fleet of 85 chemical tankers.

The transaction is expected to close in the fourth quarter, subject to customary regulatory approvals.

Most Popular

GAIL, K Line ink long-term charter deal for newbuild LNG carrier

GAIL revealed the signing of the charter deal for one 174,000-cbm LNG carrier in a statement on Friday. The company...

Atlantic LNG shipping rates remain below $20,000 per day

Last week, Atlantic LNG shipping rates slid to a record low, reaching just $15,500 per day. “Spark30S Atlantic rate has...

Flex seals 15-year LNG carrier charter deal

Flex LNG said on Friday the charter will start during the first or second quarter of 2026 with maturity...

More News Like This

Fairfield Chemical’s LNG-powered tanker delivered in Japan

Japan’s Fukuoka Shipbuilding has delivered Fairfield Chemical’s third in the series of four LNG dual-fuel stainless steel chemical tankers. FCC,...

GTT clinches tank gig for MOL’s FSRU

According to a GTT statement, the firm won the order from a Korean shipyard and the unit will be...

MOL’s large LNG carrier fleet expands

The Jaanpese shipping firm said in its results report it had 100 LNG vessels at the end of September...

MOL’s LNG newbuild named in South Korea

South Korean shipbuilder Hanwha Ocean held a naming ceremony for MOL's newbuilding LNG carrier which will serve Mitsui &...