H-Line orders LNG-powered PCTCs at GSI

China’s Guangzhou Shipyard International (GSI) said it has secured a new order to build two LNG-powered pure car and truck carriers for South Korea’s H-Line Shipping.

GSI Nansha said in a recent statement it won orders for a total of six ships worth more than 4 billion yuan ($628.7 million). Besides the two LNG-powered PCTCs, GSI will also build a new ice-breaking tanker for MOL that will serve the Novatek-operated Arctic LNG 2 project.

As per the PCTCs, they will have dual-fuel propulsion and a capacity of about 7,000 units, according to GSI.

The yard did not reveal the price tag or the delivery date of the vessels

According to Clarksons Platou, GSI would deliver both of the LNG-dual fuel vessels to GSI in 2025, boosting the total to four as H-Line already booked two PCTCs last year.

The shipbroker previously said that the vessels would go on charter to Hyundai Glovis and that H-line would pay about $83 million per ship.

Besides these vessels, GSI won orders last year for a total of four LNG-powered PCTCs from SFL Corporation, controlled by billionaire John Fredriksen. These ships have a capacity of 7,000 CEU as well.

In addition to PCTCs, GSI also recently launched the first out of two LNG-powered Suezmax tankers it is building for Singapore’s Eastern Pacific Shipping.

Most Popular

Atlantic LNG shipping rates rise to four-month high

Atlantic LNG freight rates rose to $25,750 per day this week, while European prices also increased compared to the prior week.

Capital sells LNG carrier for scrap

Greece's Capital Gas has sold one steam liquefied natural gas (LNG) carrier for scrap, according to brokers.

US approves financing for Mozambique LNG

The Export-Import Bank of the United States has approved financing for the TotalEnergies-led Mozambique LNG project.

More News Like This

Peter Dohle books more LNG-powered vessels in China

Germany’s Peter Dohle has ordered two more LNG dual-fuel container vessels at China’s Guangzhou Shipyard International (GSI), according to brokers.

H-Line’s LNG-powered PCTC delivered in China

China’s Guangzhou Shipyard International has handed over a new LNG-powered pure car and truck carrier to South Korean owner H-Line Shipping and charterer Hyundai Glovis.

Evergreen orders LNG-powered vessels in South Korea and China

Taiwan's shipping firm Evergreen Marine has ordered ultra-large LNG-powered containerships at two yards in South Korea and China.

H-Line Shipping orders LNG bunkering vessel at HJSC

South Korea's H-Line Shipping has ordered one liquefied natural gas (LNG) bunkering vessel at compatriot HJ Shipbuilding & Construction (HJSC).