STX France, Brittany Ferries Sign LNG Ferry Contract

Business & Finance

January 14, 2014

STX France SA has signed a contract with the French owner Brittany Ferries for an LNG ferry. Due for delivery at the end of 2016, this ship sets major milestones in the field of motorisation and energy storage and opens the way to a new generation of environmental friendly ships.

The ship bearing the name code PEGASIS (Power Efficient GAS Innovative Ship) is one of the 34 projects of the New Industrial France and results from ECORIZON programme. She materializes several years of cooperation with Brittany Ferries (BAI). The project which has received also support from GICAN, French Maritime Cluster and Regional Council of Pays de la Loire, exceeds the new regulatory requirements in terms of exhaust gas emissions settled by MARPOL convention which will be reinforced on January 1st, 2015. The“Dual-Fuel” engines using LNG as the main source of energy will cut out her SOx emissions and will reduce her NOx emissions by 80% CO2 by 20%.

This contract represents about 2.6 million working hours for STX France and its sub-contractors. Production is scheduled to start at the beginning of 2015. It will be enforced after settlement of the financing issues.

[mappress]

STX France SA, January 14, 2014