Turkey: Pallas Group Extends LoI for Bunker Vessel

Pallas Group said it has extended the Letter of Intent, signed with Turkish Akdeniz Shipyard in July 2012, for the construction of a cargo ship capable to transport LNG and methanol.

Developed by Pallas Shipping, the cargo ship will have a capacity of 2200 tons and is designed to operate as a bunker ship meeting high demands on manoeuvrability, safety, and technical standards.

Both parties intend to have the design concept and specifications ready before summer 2013. The construction will probably commence in autumn 2013 after signing of the contract.

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LNG World News Staff, March 14, 2013; Image: Pallas Group