Terntank Orders LNG-Fueled Tankers (Sweden)

Terntank said it has ordered two new LNG-fueled 15,000 DWT tankers with delivery in February and May 2016. The order also includes an option for two more vessels.

Terntank is the first shipowner to order vessels within the project platform Zero Vision Tool (ZVT).

“With a newly developed dual fuel main engine from Wärtsilä and an advanced hull design from Rolls Royce, Terntanks new vessels will be able to meet all future regulations already in 2016. The vessels emission of particles will be reduced by more than 90%, NOx by 80% and CO2 by 35% and the vessels will be built in accordance with IMO Tier III regulations,” Terntank said in a statement.

“We will be using a large propeller together with a large main engine that only needs 65% of the maximum effect to reach a service speed of 14.5 knots. With LNG having a10 to 15 percent better energy value compared to marine gasoil and with an optimized underwater hull design the vessels will have a fuel consumption of between 13.5 and 14.0 ton per day compared to todays 22 ton for existing vessels of similar size,” said Tryggve Möller, Board Member of Terntank Rederi A/S.

In order to cope with the higher building cost for these vessels Terntank is, together with other participants in the ZVT, working towards Ports and Governmental institutions for a 90% reduction in port costs and fairway dues, the company added.

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Image: Terntank