Anthony Veder Names LNG-Powered Duo
- Business & Finance
Two new liquefied natural gas (LNG) powered sea vessels, operated by shipowner Anthony Veder, were named on Teesside on November 13.
The new ships will carry Liquefied Ethylene Gas (LEG) from SABIC’s Wilton facility on Teesside to manufacturing plants in North-West Europe and Scandinavia.
The new ships, with a cargo capacity of 4,768 m³, are estimated to reduce NOx emissions by over 85%, with SOx and soot particles reduced by nearly 100% and CO2 by 20%.
The vessels were officially named by Mrs. A. Beck-Kruisinga and Mrs. A. Ruigt-Weijman as partners of SABIC-managers.
The cost of the vessels additional LNG investment has been partly funded from the European Union’s TEN-T programme, which seeks to ensure Europe has a well-run transport infrastructure in order to maintain the continent’s competitiveness and wealth.
“We are delighted to welcome the Coral Star and Coral Sticho into Teesport. The arrival of these industry leading LNG fuelled vessels on Teesside demonstrates a significant commitment by SABIC to the industry and ultimately the River Tees”, said Jerry Hopkinson, Managing Director at ports operator PD Ports.