Finnish shipping company Containerships is pushing forward with its plans to boost the use of liquefied natural gas (LNG) as fuel for ships and trucks in order to reduce emissions and meet tightening IMO regulations.
The company has currently four new dual-fuel container vessels under construction at Guangzhou Wenchong Shipyard in China.
The short-sea vessels have a capacity of 1,400 TEU and will be operating in the Baltic and Nordic seas.
The first LNG-fuelled vessel, Nord is expected to start operations in the summer, while all four vessels are expected to be in service from early 2019, according to Containerships’ 2017 annual report released this week.
Containerships said it would in total invest up to 200 million euros ($239.5m) in LNG technology over the next five years, the largest singular investment in company’s history.