Avance Gas has entered into a newbuilding contract with CIMC for the construction of two mid- sized LPG/ammonia carriers with dual fuel engines that can run on LPG as fuel in addition to compliant fuel oil.
In particular, the ships will have a cargo capacity of 40,000 cubic meters and scheduled delivery is during the fourth quarter 2025 and the first quarter of 2026. As the ships will also be equipped with shaft generators this will further improve operation and maintenance cost while improving the environmental profile.
In addition to transporting traditional LPG cargoes, the vessels will also be fully able to carry ammonia cargoes. The seaborn ammonia trade is expected to grow significantly in the coming years due to the numerous blue and green ammonia projects. Contract price for the newbuildings is approximately $61.5 million per vessel i.e., $123 million in total. This compares very favourable to recent similar orders.
These ships will be fitted with dual fuel LPG engines as well as shaft generators making them highly versatile and future proof in terms of emissions. These ships are not only perfect for the LPG trade but also ammonia trade as parcel sizes for ammonia cargoes tend to be in this size lot.
..said Øystein Kalleklev, CEO of Avance Gas.
