EuropeLNG as Fuel

Ocean Yield buys stake in LNG-powered containership

By LNG Prime Staff
Ocean Yield buys stake in LNG-powered containership
For illustration only (Image: Eastern Pacific Shipping)

Norway’s Ocean Yield is expanding its partnership with Singapore-based Quantum Pacific Shipping by buying into a new LNG-powered containership.

The Oslo-listed shipping firm said it would make the investment through Box Holdings, its joint venture with Quantum Pacific Shipping formed in 2016, which already owns six mega container vessels with long-term charters.

Ocean Yield says the LNG-powered container vessel has an 18-year bareboat charter with a major European container line.

In addition, South Korea’s Hyundai Heavy would deliver the vessel, with a capacity of 15,300 TEUs, in the third quarter of 2022, the firm said, but it did not reveal any additional information.

Idan Ofer’s Eastern Pacific Shipping manages the fleet of Quantum Pacific Shipping. Ofer is also the principal of Quantum Pacific Group.

According to the EPS website, the company has in total 23 LNG-powered containerships in operation or on order.

These include twelve vessels chartered by France’s CMA CGM but also eleven newbuilds that will go on charter to Switzerland-based MSC.

Most Popular

LNG Terminals

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.
Vessels

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.
Contracts and Tenders

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Vessels

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.
LNG as Fuel

HD Hyundai Heavy tests BOG system on LNG-powered containership under construction

South Korean shipbuilder HD Hyundai Heavy has completed a test to verify the onshore recycling of boil-off gas (BOG) from an LNG dual-fuel container vessel currently under construction.
LNG as Fuel

EPS in 400th LNG bunkering operation

Singapore’s Eastern Pacific Shipping has completed its 400th ship-to-ship LNG bunkering operation, as the company’s fleet of LNG-fueled ships continues to expand.
LNG as Fuel

HD Hyundai Heavy scores LNG-powered containership order

South Korea's HD Hyundai Heavy Industries has secured an order to build eight LNG dual-fuel container vessels valued at about $1.76 billion.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA