Hafnia, a unit of Singapore-based gas shipping giant BW, and its partner CSSC Shipping have ordered two new LNG-powered LR2 tankers in China.
Their joint venture Vista Shipping exercised options in May for two further
LR2 tankers with dual-fuel engines at Guangzhou Shipyard International, Hafnia said in its first-half report on Monday.
The deal has a price tag of $59 million, according to Hafnia.
“At delivery, the vessels will be chartered out for 5 years to an oil major at attractive rates,” Mikael Skov, CEO of Hafnia, said.
According to Skov, Vista’s high-pressure engines release 97% less methane than a standard low-pressure LNG engine.
In addition, GSI would prepare the fuel systems on-board for future renewable fuels with some engine modifications. The yard will deliver these vessels in 2024.
Hafnia did not reveal any additional information.
Vista has last year ordered two dual-fuel Aframax-type LR2 vessels at GSI. These vessels will join TotalEnergies’ time-chartered fleet in 2023.
Each tanker will be 250 meters long with 12 cargo tanks, enabling a carrying capacity of 110,000 DWT or 133,500 cbm.
Featuring LNG fuel capacity of 3,600 cbm, the vessels would have a range of 13,500 nautical miles when sailing on LNG at 14.5 knots, Hafnia previously said.