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SIPG arm books LNG bunker newbuild at Jiangnan

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Shanghai Port Group Energy has booked an LNG bunker vessel newbuilding at Jiangnan Shipyard.

The business unit of Shanghai International Port Group (SIPG) has signed up for a 20,000 cu m unit, scheduled for delivery in the first half of 2027.

The vessel, contracted for an undisclosed sum, will feature three twin-ear C-type tanks, equipped with a full-rotating electric propulsion system and will be able to meet the requirements of NOx Tier III, achieve near-zero SOx emissions, and reduce COâ‚‚ greenhouse gases by about 20%.

Several newbuilding moves in the growing LNG bunkering segment have taken place at yards in China and South Korea, ranging between 7,800 cu m and 20,000 cu m, as the number of LNG-powered ships is expected to double by the end of the decade from more than 600 at the end of 2024.

SIPG Energy carried out its first LNG bunkering onboard a CMA CGM containership during cargo operations (SIMOPS) in March 2022. The company’s fleet currently includes one LNG bunker unit as well as one methanol bunkering vessel.

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