Yangzijiang clinches order for 12 LNG-powered containerships

China’s largest private shipyard, Yangzijiang Shipbuilding, has secured a large order to build twelve LNG-powered containerships.

According to a statement by Yangzijiang on Thursday, the LNG dual-fuel containerships would have a capacity of 16,000 units.

The shipbuilder did not reveal any further information regarding the containerships.

Shipbuilding sources told LNG Prime that Switzerland-based shipping giant MSC is behind this order.

MSC is expected to start taking deliveries of the vessels in 2025.

One source said that the ships would have a similar design to the six 16,000 TEU LNG-powered container vessels, each worth about $180 million, MSC ordered at China’s DSIC in January this year.

The main difference is that these new vessels would be powered by MAN ME-GI engines instead of WinGD engines.

Also, the MARIC-designed vessels would have type B tanks, according to the source.

Earlier this year, Yangzijiang delivered the first LNG dual-fuel containership in MSC’s fleet, and the second one as well.

MSC is building a huge fleet of LNG-powered vessels in order to slash emissions and to comply with new IMO rules.

Record number of orders

Besides these 12 LNG-fueled containerships, Yangzijiang also won orders for six 66,000-dwt and four 32,000-dwt bulk carriers.

The entire order has a price tag of about $2.5 billion.

With these latest order wins, the group has year-to-date secured new orders for 40 vessels worth about $3.6 billion, exceeding its FY2022 target of $2 billion.

It also achieved the highest ever total orderbook value of $10.27 billion.

“Here at Yangzijiang, we are committed to building greener vessels. Further to the GTT knowhow, we are witnessing a strong market sentiment in this space,” Ren Letian, executive chairman and CEO of the group, said in the statement.

“While we are working even harder to secure our maiden type C LNG carrier, we are also looking to invest in a new production line to meet the strong demand and the market needs in the long term,” Letian said.

French LNG containment giant GTT recently signed a technical assistance and license agreement with Yangzijiang, enabling the yard to construct vessels using GTT membrane technologies.

Yangzijiang has already secured an order for four 8,000 TEU dual-fueled container vessels from Singapore’s Pacific International Lines.

The vessels feature GTT’s membrane technology for the LNG fuel tanks.

- Advertisements -

Most Popular

Stena Bulk sells its last LNG carrier

Swedish shipping firm Stena Bulk has sold its last liquefied natural gas (LNG) carrier to an undisclosed Asian buyer. The...

Gulfstream LNG asks US FERC to start pre-filing process

Houston-based Gulfstream LNG is seeking approval from the US FERC to initiate the environmental pre-filing review for its mid-sized...

Shell launches largest bio-LNG plant in Germany

A unit of LNG giant Shell has launched what it says is the largest bio-LNG production plant in Germany. The...

More News Like This

GTT secures LNG tank gig for eight vessels

French LNG containment giant GTT has secured a tank design order for eight 174,000-cbm LNG carriers. GTT said a statement...

MSC Cruises: LNG-powered MSC World America launched in France

French shipbuilder Chantiers de l’Atlantique has launched the second LNG-powered world class vessel it is building for MSC Cruises,...

GTT bags LNG tank gig for Nakilat’s vessels

French LNG containment giant GTT has secured a tank design order from HD Korea Shipbuilding & Offshore Engineering (KSOE)...

MOL’s LNG carrier starts trials in China

MOL's 174,000-cbm LNG carrier, Greeenergy Ocean, has started its sea trials in China, according to Hudong-Zhonghua. The LNG carrier (H1880A)...