SIPG arm books LNG bunker newbuild at Jiangnan

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 CO₂ 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.