Knutsen’s Ravenna small-scale LNG carrier nearing delivery

Norwegian shipowner Knutsen will soon take delivery of the small-scale LNG carrier Ravenna Knutsen following the completion of the ships’ sea trials.

Knutsen said on Wednesday it expects the 30,000-cbm vessel to join its fleet in early 2021.

The newbuild will be one of the world’s first small and medium-scale LNG carriers to feature C-type bi-lobe cargo tanks. It received its third and final tank earlier this year.

To remind, Hyundai Mipo, a unit of Hyundai Heavy Industries, won the deal to build the vessel for about $76.7 million back in 2018.

The 180 meters long vessel features WinGD dual-fuel propulsion as well as a boil-off gas reliquefaction system.

Following delivery, the ship will go on a 12-year charter with Italian energy firm Edison to serve a small-scale facility currently under construction in the Italian port of Ravenna.

Edison recently welcomed Spain’s Enagas as a partner in the facility and said the project is more than 70% complete.

Following the transaction, Edison will have 30% while Enagas’ unit Scale Gas will have a 19% stake in the project named Depositi Italiani GNL. Italy’s PIR Group remains the operator with a 51% stake.

The Ravenna facility will have a storage capacity of 20,000 cbm and an annual handling capacity of over 1 million cbm.

This is sufficient to supply about 12,000 trucks and up to 48 ferries per year, according to Edison.

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