Norwegian Car Carriers orders another LNG-powered PCTC in China

JP Morgan’s Norwegian Car Carriers has ordered one more LNG dual-fuel PCTC at China’s CIMC Raffles in Yantai.

NOCC CEO Olav Sollie announced the order last week in a social media post saying the company is “ramping up its green fleet for the future”.

Sollie did not reveal the price tag of the order or the delivery date of the vessel.

The LNG dual-fuel pure car and truck carrier (PCTC) will have a capacity of 7,000 ceu, such as its two sister vessels.

In February, NOCC announced it has entered into an agreement with the shipbuilder for the construction of two car carrier newbuildings with a capacity of 7,000 ceu.

NOCC said the vessels are LNG dual-fuel type and ammonia-ready basis from DNV.

The company expects to take delivery of the first vessel in 2025 and the second vessel in 2026.

According to VesselsValue data, NOCC will take delivery of the third vessel in 2027.

The data shows that NOCC will pay $88 million for each of the first two LNG-powered PCTCs.

Last year, NOCC became fully owned by a company advised by JP Morgan Global Alternative’s Global Transportation Group.

NOCC’s website shows it currently has three PCTCs in its fleet built between 2009 and 2017.

Two of the vessels have a capacity of 6,500 ceu and one has a capacity of 6,754 ceu.

Most Popular

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

More News Like This

NOCC’s first LNG-powered PCTC launched in China

China’s CIMC Raffles in Yantai has launched the first of three LNG dual-fuel PCTCs it is building for JP Morgan’s Norwegian Car Carriers (NOCC).

Chinese yard moving forward with Golar FLNG conversion

China's CIMC Raffles is moving forward with the conversion of Golar LNG's 148,000-cbm Moss-type carrier, Fuji LNG, into an MKII FLNG with a capacity of 3.5 mtpa.

Noatum Maritime welcomes first LNG-powered PCTC in its fleet

AD Ports Group’s Noatum Maritime has taken delivery of its first LNG-powered pure car and truck carrier (PCTC).

Chinese yard starts Golar FLNG conversion job

China's CIMC Raffles is about to start converting Golar LNG's 148,000-cbm Moss-type carrier, Fuji LNG, into an MKII FLNG with a capacity of 3.5 mtpa following the arrival of the LNG carrier at the yard.