NYK Stolt Tankers Initiates Construction of Six Methanol-Ready Vessels
NYK Stolt Tankers Initiates Construction of Six Methanol-Ready Vessels

NYK Stolt Tankers Initiates Construction of Six Methanol-Ready Vessels

  • 08-Feb-2024 7:36 PM
  • Journalist: Gabreilla Figueroa

In a pivotal move towards enhancing its fleet capabilities and contributing to sustainable shipping practices, NYK Stolt Tankers has recently finalized an order for six cutting-edge chemical tankers, each designed to be methanol-ready and boasting a deadweight tonnage of 38,000. This strategic agreement was inked with Nantong Xiangyu Shipyard in China, and the vessels are slated for delivery over a span between late 2026 and 2029.

The decision to invest in this state-of-the-art fleet aligns seamlessly with the broader vision of Stolt-Nielsen Limited, the parent company, which seeks to fortify the scale of its core fleet. The unique aspect of this move lies in the commitment to acquiring newbuildings, a strategy aimed at securing vessels that are not readily available in the second-hand market. The entire transaction is orchestrated through NYK Stolt Tankers (NST), a joint venture formed between NYK Line and Stolt Tankers.

The six newly commissioned vessels are identical to those ordered from Wuhu Shipyard, a revelation made public in November. What sets these vessels apart is their inherent flexibility for retrofitting, offering the potential for future upgrades to both battery and methanol propulsion systems. This adaptability underscores Stolt Tankers' proactive commitment to actively contribute to the global energy transition and align its operations with evolving environmental sustainability goals.

Udo Lange, the Chief Executive Officer of Stolt-Nielsen Limited, underscored the strategic significance of this order, emphasizing the company's dedication to maintaining the scale of its core fleet. He expressed satisfaction in executing this order through the NST joint venture, highlighting the capital-efficient approach adopted for fleet enhancement.

These newly commissioned vessels are strategically positioned to replace retiring ships in the fleet, with the initiative set to commence from 2026 onward. This proactive measure ensures a seamless transition while upholding Stolt Tankers' reputation for delivering flexible and high-quality services, thereby ensuring customer satisfaction. The commitment to incorporating more fuel-efficient vessels serves as a testament to the company's dedication to sustainability and its active role in steering the industry towards a cleaner, more eco-friendly future.

The agreement with Nantong Xiangyu Shipyard marks a significant step towards modernizing and enhancing the capabilities of Stolt Tankers' fleet. This move is in sync with prevailing industry trends, emphasizing the imperative shift towards sustainable and eco-friendly shipping solutions. As global maritime regulations evolve, this strategic investment not only positions Stolt Tankers as an industry leader but also underscores its commitment to responsible and environmentally conscious shipping practices. The collaboration with Nantong Xiangyu Shipyard is poised to yield cutting-edge vessels that not only meet the highest standards of efficiency but also contribute to the broader goal of reducing the carbon footprint of the maritime industry.

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