Norway’s Kanfer in talks to secure work for two LNG bunkering vessels

Norway-based small-scale player Kanfer Shipping is still in talks to find work for two LNG bunkering vessels it ordered earlier this year in China.

Kanfer said in May it had contracted Chinese shipyard Taizhou Wuzhou Shipbuilding to build two 6,000-cbm bunkering and distribution vessels and deliver them by the second half of 2023.

The firm also holds an option for two additional vessels.

“Kanfer is currently in concrete discussions for chartering these ships to solid counterparts and we are also making some additional measures to make us more attractive to the charters,” it said in a statement on Monday.

The market for LNG bunkering is “growing fast”, Kanfer says.

Classification society DNV recently reported a new monthly record in orders for LNG-powered ships and this number will continue to grow as owners look to comply with more stringent IMO rules and slash emissions.

However, soaring LNG prices “are making some players concerned which hamper the development of LNG, but more importantly the environment,” Kanfer said.

“Historically current LNG prices in comparison to other fossil fuels are abnormally high. Hence some LNG bunkering and distribution projects are unfortunately being delayed,” the firm said.

“We are however not concerned about finding a home for these ships and we also believe that the LNG prices will eventually fall,” Kanfer added.

Most Popular

Venture Global to introduce gas to tenth Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the tenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

Eni: third phase of YPF’s Argentina LNG project requires $20 billion investment

The third phase of YPF's Argentina LNG export project would require an investment of about $20 billion, according to Eni’s COO of global natural resources, Guido Brusco.

Kimmeridge’s Commonwealth LNG seeks expedited approval from FERC

Kimmeridge's Commonwealth LNG is seeking expedited final approval from the US FERC as it looks to make a final investment decision on its planned LNG export plant in Louisiana later this year.

More News Like This

DNV says seven LNG-powered vessels booked in March

Classification society DNV added seven LNG-powered ships, all container vessels, to its Alternative Fuels Insight platform in March. DNV also said that there were 12 orders for methanol-powered vessels and two for ammonia-powered vessels last month

DNV says 33 LNG-powered vessels ordered in February

Classification society DNV added 33 LNG-powered ships, all container vessels, to its Alternative Fuels Insight platform in February. DNV also said that eight orders were placed for LNG bunkering vessels in February, representing a 50 percent expansion of the LNG bunkering vessel orderbook.

SeaKapital orders LNG bunkering duo

Hong Kong-based SeaKapital has ordered two large LNG bunkering vessels at Ningbo Xinle Shipbuilding.

DNV says 12 LNG-powered vessels ordered in January

January was a slow month for LNG-powered vessel orders following a record of 264 LNG-powered ships ordered last year. DNV...