The Schulte Group has ordered its first LCO2 tanker, which is currently under construction at Dalian Shipbuilding & Offshore Company (DSOC). This new vessel will be managed by Bernhard Schulte Shipmanagement and is expected to play a crucial role in the emerging LCO2 shipping market, according to BSM.
LCO2 Tanker
The new building is designed as an LCO2 tanker of the type 2PG/3G, suitable for the transportation of refrigerated liquefied gases in two cylindrical-shaped independent cargo tanks of the IMO type C. Despite a cargo capacity of 7,500 m3, it will feature innovative technologies to significantly reduce its carbon footprint: The primary fuel for the ship will be LNG. Combined with other proven technologies, such as wind-assisted rotor sails and air lubrication, it is expected to achieve a carbon footprint approximately 34% lower than that of conventional ships running on marine fuel.
The novel tanker is committed to a long-term time charter agreement with Northern Lights, a joint venture owned by Shell, TotalEnergies and Equinor, and will support the development of the world’s first cross-border CO2 transport and storage infrastructure. Here, ships custom-built for transportation of liquefied CO2 will safely transport the chemical compound from Northern Lights’ customers across Northwest Europe to the CO2 receiving terminal at Øygarden, Norway before permanent geological storage. Northern Lights envisages putting to work four LCO2 tankers in total, with the first one having been already delivered in November. The delivery of the Bernhard Schulte vessel is scheduled for 2026.
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Source: BSM
