Northern Lights announced today the award of a time charter agreement to Bernhard Schulte. The ship will be the fourth in line to the sister ships currently under construction at Dalian Shipbuilding Offshore Co., Ltd (DSOC).
he ships will have a cargo capacity of 7,500 m3. According to Northern Lights, custom-built for transportation of liquefied CO2, these ships will safely transport CO2 across Northwest Europe to the CO2 receiving terminal at Øygarden, Norway, before permanent geological storage.
Facts about the ship
- Capacity: 7,500 m3 liquid CO2
- Two cylindrical cargo tanks
- Length: 130 meters
- Cargo transport conditions: maximum 19 bar(g) pressure and minimum -35°C temperature
- 34% lower carbon footprint than ships on conventional fuel
- LNG Dual Fuel, wind-assisted rotor sail and air lubrication
This deal marks another major milestone for us. CCS is a safe and efficient way to handle emissions and it is critical to meet climate targets. We are excited to see Bernhard Schulte now entering the Liquid CO2 business, as strong partnerships are required to succeed.
… said Børre Jacobsen, Managing Director of Northern Lights
CO2 transportation through shipping has been gaining momentum for its techno-economic feasibility in comparison to other transportation options. As demand for carbon capture grows, the gas carrier sector in cooperation with classification societies are examining development of bigger CO2 carriers.
We are furthermore delighted to have Dalian Shipbuilding Offshore as our selected partner in this endeavour. The Schulte Group has long-standing relationships with Chinese shipyards, which is a strong foundation for this outstanding project
… added Ian Beveridge, CEO of Bernhard Schulte
According to the company, with the fourth ship, Northern Lights will have the world’s largest dedicated CO2 shipping fleet. To remind, following the announcement of commercial agreements with Ørsted and Yara for the transportation and storage of CO2, Northern Lights placed an order for a third vessel in September this year.
As the most experienced offshore yard in China, we are glad to form such first-ever cooperation relationship with Bernhard Schulte and jointly provide our services to contribute to Northern Lights CCS projects.
… commented Yingzhi Sun, President of DSOC
The fourth Northern Lights ship will be owned and operated by Bernhard Schulte