Seaspan, Hyundai Glovis order LNG-powered PCTCs in China

Seaspan and Hyundai Glovis joined forces to order six large LNG dual-fuel pure car and truck carriers from China’s Shanghai Waigaoqiao Shipbuilding (SWS).

The deal for the PCTCs with a capacity of 10,800 ceu also includes an option for four additional vessels, according to Seaspan’s parent Atlas.

Besides LNG dual-fuel propulsion, the PCTCs will be ammonia and methanol-ready, it said.

“The vessels will be under long-term time charter upon delivery and, as the largest PCTCs under development to date, will bring unparalleled quality, scale, and flexibility to Glovis,” the statement said.

With this PCTC order, Canada-based Seaspan enters a new segment and adds to its existing 70-vessel newbuild program which includes 25 dual-fuel LNG containerships.

Seaspan did not provide the price tag of the deal.

CSSC’s SWS said in a separate statement that the vessels will have 14 car decks and that the yard now has in total 16 PCTCs on order.

Seaspan, Hyundai Glovis order LNG-powered PCTCs in China
Image: Atlas

South Korea’s Hyundai Glovis recently revealed plans to order 12 LNG dual-fuel car carriers worth about $1.84 billion.

The South Korean operator of a large PCTC fleet and the shipping unit of Hyundai Motor Group said its board approved the investment on October 26.

The firm said at the time that it expects to take delivery of the final vessel in September 2027.

Hyundai Glovis had 116 vessels in its fleet as of the end of the last year, including over 80 PCTCs, its website shows.

Last year, Hyundai Glovis also entered the LNG transportation business after signing a 10-year charter deal for one newbuild LNG carrier with Australia’s Woodside.

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