Furetank and Algoma order four LNG-powered tankers in China

Swedish shipowner Furetank has teamed up with Canada’s Algoma Central to order four LNG-powered tankers at China Merchants Jinling Shipyard in Yangzhou.

FureBear, a 50/50 joint venture between the two firms would own these vessels, according to a Furetank statement issued on Tuesday.

The joint venture would advance Algoma’s presence in international short sea shipping markets and strengthen the company’s investment in long-term sustainable shipping solutions, it said.

Fuertank said it has designed the four dual-fuel ice-class 1A 17,999-dwt product tankers in collaboration with FKAB Marine Design and several onboard system suppliers, with energy efficiency at the forefront of the planning process.

Also, the FureBear vessels will be sisters to the Vinga series of eight vessels currently trading in the Gothia Tanker Alliance.

Furetank has recently ordered the 11th LNG-powered vessel in this series at the Chinese yard.

The Vinga sisters all have dual-fuel capability and run on LNG/LBG or gasoil.

They have a battery hybrid solution and several “innovative” features that reduce fuel and energy consumption, resulting in “extensively” lower emissions of CO2, sulphur oxide, nitrogen oxide and hazardous particles.

These vessels are also fully equipped for shore power.

China Merchants Jinling Shipyard in Yangzhou will deliver the four new vessels between 2023 and 2025.

Furetank did not provide the price tag of the order.

Upon completion, all four vessels will enter into the Gothia Tanker Alliance, while Furetank will operate them out of Gothenburg, Sweden.

Most Popular

YPF CEO expects FIDs on FLNG projects with Eni, Shell in 2026

YPF CEO Horacio Marin confirmed on Wednesday that the state-owned oil and gas company and its partners Eni and Shell expect to take final investment decisions on two stages of the Argentina LNG project in 2026.

Shell pens US LNG supply deal with Edison

UK-based LNG giant Shell has signed a long-term deal to supply US LNG to Italian energy firm Edison, a unit of EDF.

Glenfarne’s Texas LNG, Gunvor finalize 20-year LNG supply deal

Glenfarne’s Texas LNG, the developer of the planned 4 mtpa LNG export terminal in the port of Brownsville, has signed a 20-year sales and purchase deal with a unit of Geneva-based trader Gunvor.

More News Like This

EPS welcomes new LNG-powered PCTC in its fleet

Singapore’s Eastern Pacific Shipping took delivery of another LNG-powered pure car and truck carrier in China.

GAC’s first LNG-powered PCTC launched in China

China Merchants Jinling Shipyard in Weihai has floated out GAC’s first LNG-powered pure car and truck carrier.

EPS adds new LNG-powered PCTC to its fleet

Singapore’s Eastern Pacific Shipping took delivery of another LNG-fueled pure car and truck carrier in China.

Work progresses on GAC’s first LNG-powered PCTC in China

China Merchants Jinling Shipyard in Weihai has laid the keel for GAC's first LNG-powered pure car and truck carrier. To...