Petredec Holdings (Eastern) PTE Ltd has announced the signing of a contract for the construction of 3+3 × 93,000 cbm LPG carriers at Jiangnan Shipyard in China. Each vessel will be powered by individual MAN B&W 6G60ME-LGIP dual-fuel engines, capable of running on LPG.
Environmentally friendly solution
Philip Harwood, Petredec Fleet Director, stated “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. 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."
Decarbonisation with 30% less CO2
The next generation of VLGCs marks an important step toward decarbonisation by emitting 30% less CO2"
Giles Fearn, Petredec Group CEO commented “We are proud to have ordered the next generation of VLGCs, which marks an important step for both us and the industry towards decarbonisation by emitting 30% less CO2 than the previous generation 84,000 cbm ships burning LSFO.”
Giles Fearn adds, “It positions Petredec as the pre-eminent owner of VLGCs with dual-fuel LPG and we are excited for what this next chapter in the company’s evolution will bring."
Sustainable goals
Bjarne Foldager, Senior Vice President and Head of Two-Stroke Business at MAN Energy Solutions, said, “We are moving towards a zero-carbon future and there is a strong global push towards sustainability. As we pass the 2020 sulphur cap and approach the IMO’s 2030 and 2050 targets, companies committed to sustainability are becoming increasingly attractive.”
Bjarne Foldager adds, “This project displays Petredec’s committment to decarbonisation 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.”
Vessel delivery
The initial, firm three vessels are scheduled for delivery in January, March, and May 2023, and the optional vessels within Q2 and Q3 2023.
With an existing fleet of 21 VLGCs, 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.
