Avenir LNG Replaces Keppel Options with CIMC Orders

Avenir LNG has signed shipbuilding contracts for two LNG carriers, including options for two more, with Nantong CIMC Sinopacific Offshore & Engineering (SOE).

The shipbuilder would construct the 7,500 cbm carriers at its Nantong, China shipyard, and deliver the newbuildings in May and August 2021, respectively.

The ships are designed to include ice class 1B, full bunker functionality, double hull and dual fuel electric twin azimuth propulsion.

Avenir LNG said that the orders were placed after the company reached a mutual agreement with Keppel Singmarine to cancel the options to built its third and fourth 7,500 cbm carriers at Keppel Nantong.

The company added that the new order replaces the cancelled options, and Avenir LNG’s orderbook remains unchanged, with a total of six vessels, four 7,500 cbm and two 20,000 cbm LNG carriers, currently under construction.

Avenir has existing contracts in place with SOE for two 20,000 cbm LNGs, scheduled for delivery in the first quarter of 2021. The contracts also include options for the construction of two additional units.