MAN ES wins ME-LGIP order for Petredec VLGC newbuildings

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

Giles Fearn, Petredec Group CEO commented “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% 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”.

Philip Harwood, Petredec Fleet Director, added: “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% reduction in CO2 emissions by 2030”.

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 commitment 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.”

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 LPG carrier BW Gemini to a dual-fuel engine. MAN PrimeServ converted an MAN B&W 6G60ME-C9.2 type to an MAN B&W 6G60ME-LGIP unit. BW Gemini is the first of 12 LPG carriers being converted by Oslo-listed BW LPG to LPG dual-fuel propulsion.