Containerships Secures Funding for LNG Push

Image Courtesy: Containerships

Finland’s Containerships plc has secured EUR 16.9 million (USD 18m) to finance the project of implementing the use of liquefied natural gas (LNG) throughout the container shipping company’s logistics supply chain.

Containerships has been awarded the funds by the European Union and the Nordic Environment Finance Corporation (NEFCO).

EUR 10.7 million will be allocated for ship investments, and EUR 6.2 million for the development of a European LNG terminal network with other partners involved in the project.

NEFCO decided to invest EUR 5 million in supporting the company’s environmental strategy in the Baltic Sea region.

Containerships plans to invest up to EUR 200 million in an effort to become the first European company to run its entire supply chain, both onshore and offshore, on LNG.

At the moment, the Chinese Wenchong Shipyard is building four LNG containerships for the company, scheduled for delivery by the end of 2018.

The keel laying ceremony for the first LNG vessel and the steel cutting Cceremony of the second LNG vessel will be held in Guangzhou on Friday, April 7.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

THE 30TH WORLD PORTS CONFERENCE Enabling Trade Energizing The World

This event is expected to have more than 500 attendees from the field of port, logistics, shipping and maritime industry…

read more >

Singapore Maritime Week 2017

Singapore Maritime Week (SMW) is the leading maritime event in Singapore. Driven by the Maritime and Port Authority of Singapore (MPA), SMW…

read more >

Breakbulk Europe 2017

For more than a decade, Breakbulk Europe has served as the networking hub for industry professionals who do business in Europe — or would like to! Exhibitors and sponsors include cargo owners, ocean carriers, freight forwarders, ports/terminals, heavy haulers, equipment companies and more that are involved in this specialized industry.

In addition to exceptional networking opportunities, Breakbulk Europe provides a dynamic conference, along with a range of educational and training workshops — intensive all-day classes held the day before the exhibition opens as well as many on-the-floor sessions.

  • Over 7,600 participants attended Breakbulk Europe 2016
  • Meet with over 400 exhibitors and sponsors
  • Hear from industry experts, including leading shippers, during the conference sessions
  • Learn new skills in the educational workshops held before the exhibition and on-the-floor micro-seminars and exhibitor-led sessions during the event

More info

read more >

Smart Operations

Smart Operations events, from Fathom Maritime Intelligence, examines how to use intelligent shared integration, and connected operations…

read more >