COSCO Shipping Energy Transportation has
signed a supplemental agreement with Dalian Shipbuilding Industry (DSIC) to
convert a very large crude carrier (VLCC) to run on
liquefied natural gas (LNG).
The vessel is one of four VLCCs ordered by the Chinese
shipping giant from DSIC in 2017. It will be equipped with a dual fuel LNG
propulsion system and Cosco is spending an extra US$6 million on the
upgrade.
However, the ship's delivery has been delayed from
March 2021 to December 2021.
"The inclusion of dual fuel technology in the
construction of the relevant VLCC which allows it to utilise LNG as fuel will
enable the company to prepare for the more stringent carbon dioxide emission
standards under phase three of the implementation of the EEDI in advance, and
provide the company with a new solution to the imposition of the global sulphur
limit," Cosco said.
The company has six VLCCs on its orderbook.
Earlier this year, Cosco and DSIC jointly launched a
project to develop the LNG dual-fuel VLCC, which is expected to cut carbon
emissions by one-fifth and sulphur emissions by 95 per cent compared to
conventional fuel.
Source : HKSG.
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