Euronav orders LNG, ammonia, methanol-ready vessels

The vessels will be sister ships to the 157,310dwt Cedar and Cypress built at the same yard and delivered earlier this year. Both vessels are scheduled for delivery in the third quarter of 2024.

The vessels have the structural notation to be LNG Ready, with both parties working closely to also have the structural notation to be ammonia and methanol ready.

The vessels will also be fitted with scrubbers and ballast water treatment systems.

Hugo De Stoop, Euronav CEO, said: “As a market leader in our segment, Euronav has been able to source a highly competitive contract with a very attractive delivery schedule. Sustained elevated contracting activity from other shipping segments has reduced available capacity to build crude tankers, at a time when the sector needs to replace maturing vessels with more environmentally friendly designs.

“With this contract, adding to the two Suezmaxes delivered earlier this year and three other Suezmax newbuildings under construction, Euronav is tangibly driving innovation, investing in the energy transition and showing agility in seizing another opportunity to further rejuvenate our Suezmax fleet.”