Petredec confirms order for three more LPG carriers

Petredec confirms order for three more LPG carriers
A Petredec LPG carrier. Image courtesy of Petredec.

Petredec Holdings (Eastern) PTE has announced the signing of a contract for the construction of three 93,000 cbm liquefied petroleum gas (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.

The new order follows on the heels of the announcement in October 2020 by MAN PrimeServ, MAN Energy Solutions’ after-sales division, that it had successfully converted the main engine aboard the LPG carrier, ‘BW Gemini’, from an MAN B&W 6G60ME-C9.2 type to an MAN B&W 6G60ME- LGIP unit. The BW Gemini is part of the fleet of Oslo-listed, BW LPG.

The initial, firm three vessels are scheduled for delivery in January, March, and May 2023, and the optional vessels within Q2 and Q3 2023.

Compared to 2020-compliant fuels, using LPG as a fuel reduces SOx by 99 per cent, CO2 by 15 per cent, NOx by 10 per cent, and particulate matter by 90 per cent.

Philip Harwood, Petredec fleet director, explained: “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 per cent reduction in CO2 emissions by 2030”.

Giles Fearn, Petredec group CEO, said: “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 per cent less CO2 than the previous generation 84,000 cbm ships burning LSFO. It clearly positions Petredec as the pre-eminent owner of VLGC’s with dual-fuel LPG and we are excited for what this next chapter in the company’s evolution will bring”.

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. 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.”