Sixth LNG-powered shuttle tanker to join Altera’s fleet

Altera Infrastructure confirmed on Thursday it would soon take the delivery of the sixth and last LNG-powered shuttle tanker from South Korea’s Samsung Heavy Industries.

The Aberdeen-based shipping firm previously known as Teekay Offshore said in its fourth-quarter report it plans to take delivery of the 103,000 dwt Altera Wind during February while its East Coast of Canada newbuilding should join early-2022.

Altera reported a $73 million net loss for the three months ended December 31, compared to a $9 million loss it logged during the same quarter a year ago.

To remind, the firm took delivery of its fifth LNG-powered vessel Altera Wave early January.

The shuttle tanker newbuilding is currently en route to the North Sea to start work for Norway’s Equinor, joining the other four Altera’s LNG-powered newbuild already working in the area.

The E-Shuttle tankers operate on LNG as the primary fuel but they will also use a mixture of LNG and recovered volatile organic compounds as secondary fuel.

In addition, the vessels also feature battery packs for flexible power distribution and blackout prevention.

Most Popular

Venture Global LNG wraps up $2.5 billion senior notes offering

Venture Global LNG's unit, Plaquemines LNG, has closed its $2.5 billion offering of senior secured notes.

MSC orders more LNG-powered containerships in China

Switzerland-based shipping giant MSC has ordered more LNG dual-fuel vessels from China’s Hengli Heavy Industry, a part of Hengli Group, according to shipbuilding sources.

Excelerate in $700 million senior notes offering

US FSRU player Excelerate Energy aims to raise about $700 million via an offering of unsecured senior notes due 2030.

More News Like This

Wan Hai Lines makes LNG fuel switch for eight containerships

Taiwan's Wan Hai Lines has decided to change an order placed for methanol-ready containerships in South Korea to enable the vessels to run on LNG fuel, according to shipbuilding sources.

H-Line Shipping, ExxonMobil name LNG carrier duo in South Korea

South Korea's H-Line Shipping and US energy giant ExxonMobil recently named two newbuild liquefied natural gas (LNG) carriers in South Korea.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

Wan Hai Lines to switch methanol containership order to LNG fuel

Taiwan's Wan Hai Lines is working on switching an order placed in South Korea last year for eight methanol-powered containerships to LNG fuel, according to shipbuilding sources.