Fairfield Chemical’s LNG-powered tanker launched in Japan

Japan’s Fukuoka Shipbuilding has launched Fairfield Chemical’s second in the series of four LNG dual-fuel stainless steel chemical tankers.

Connecticut-based Fairfield Chemical said in a statement that the launching ceremony for the 26,300-dwt Fairchem Pathfinder took place on September 14.

The firm said that the vessel will feature the same LNG propulsion technology as its sister, Fairchem Pioneer, which is scheduled to enter service in early November.

Fukuoka floated out Fairchem Pioneer on April 7.

Fairfield Chemical expects Fairchem Pathfinder to enter service in February 2024.

The shipping firm ordered Fairchem Pioneer and Fairchem Pathfinder in June 2021.

After that, it exercised an option for two more stainless steel chemical tankers, Fairchem Prestige and Fairchem Pinnacle, in 2022.

MOL Chemical Tankers, a unit of Japan’s shipping giant MOL will buy Fairfield Chemical for $400 million under a recently agreed deal.

Fairfield Chemical’s fleet consists of 36 chemical tankers. As such, the fleet would dovetail with MOL Chemical Tankers’ fleet of 85 chemical tankers.

The transaction is expected to close in the fourth quarter, subject to customary regulatory approvals.

Most Popular

TotalEnergies CEO expects US financing for Mozambique LNG to be approved in weeks

In May 2020, EXIM voted to amend the agency's previously approved September 2019 direct loan supporting US exports for...

Greek and German firms place orders for LNG-powered vessels in China and Korea

Reports by Intermodal and other brokers suggest that Greece's Sun Enterprises and TMS Group and Germany's Peter Dohle ordered...

PetroVietnam Power: first LNG power plant connected to grid

PV Power said in a statement that the plant generated 50 MW of electricity as part of its testing...

More News Like This

MOL’s large LNG carrier fleet expands further

The Japanese shipping firm revealed this in its results report on Friday. This is six more LNG carriers than in the previous...

Japan remains top LNG tanker owner

Japan owns the world’s most valuable and largest fleet of LNG carriers, and the nation is followed by Greece...

MOL’s third LNG-fueled ferry enters service

MOL's third LNG-powered ferry, Sunflower Kamuy, has entered service on the Oarai-Tomakomai route in Japan. This is the first of...

Hudong-Zhonghua delivers new QatarEnergy LNG carrier

China's Hudong-Zhonghua has delivered another 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding...