Up to six LPG carriers under contract
Three new 93 000 cbm liquefied natural gas (LPG) carries will be powered by MAN B&W 6G60ME-LGIP dual-fuel engines capable of running on LPG.
The ships, for Petredec Holdings (Eastern) PTE Ltd., will be built at Jiangnan Shipyard in China. Another three ships
“Petredec has always been at the forefront of new technology and this order continues our tradition of investing in the most efficient and environmentally friendly solution,” said Philip Harwood, Peredec fleet director. “We are convinced that using LPG as bunker fuel in the MAN Energy Solutions ME-LGIP engine is the best contributor to achieving the targeted 40% reduction in CO2 emissions by 2030.”
Giles Fearn, Petredec Group CEO said the order marks an important step for both the company and the industry towards decarbonization. The ships will emit 30% less CO2 than the previous generation 84 000 cbm ships burning LSFO.
“We are moving towards a zero-carbon future and there is a strong global push towards sustainability,” said Bjarne Foldager, senior vice president and head of Two-Stroke Business at MAN Energy Solutions. “As we pass the 2020 sulfur cap and approach the IMO’s 2030 and 2050 targets, companies committed to sustainability are becoming increasingly attractive. This project displays Petredec’s commitment to decarbonization and showcases MAN Energy Solutions’ dual-fuel engine portfolio that is future-proofed to handle whatever alternative fuels come to prominence in the decades ahead.”
The three vessels are scheduled for delivery in January, March, and May 2023, and another three, optional vessels within Q2 and Q3 2023.
With an existing fleet of 21 VLGC’s, Petredec is already the second-largest owner of VLGCs in the world and with an average age of 3.5 years, the lowest in its market segment.
The new order follows on the heels of the announcement in October 2020 by MAN PrimeServ, MAN Energy Solutions’ after-sales division, that it had successfully converted the main engine aboard the LPG carrier, BW Gemini, from an MAN B&W 6G60ME-C9.2 type to an MAN B&W 6G60ME- LGIP unit. The BW Gemini is part of the fleet of Oslo-listed, BW LPG.