Norwegian Car Carriers (NOCC) is investing in two 7,000-car LNG dual-fuel car carriers (PCTCs) to expand its fleet following its acquisition by J.P. Morgan earlier this year.
NOCC recently signed a contract with a Chinese shipyard for the construction of two 7,000-truck LNG dual-fuel PCTCs for delivery as early as 2025, according to the report by Norwegian Daily News, the value of the order has not been disclosed. The contracting includes alternative orders, but the exact quantities are not known.
According to Trade Winds, the 2 new vessels will be built by CIMC Raffles and can run on both LNG and conventional marine fuels. This time, the earlier delivery date was achieved by accepting unannounced option ship slots from other shipowners. The shipyard has taken orders for similar vessels this year at prices ranging from $90 million to $95 million per vessel. On this basis, NOCC estimates the value of this order to be between $180 million and $190 million.
Earlier this year, British shipping company Zodiac Maritime placed an order with CIMC Raffles for two 7,000-vehicle dual-fuel PCTCs at a cost of about $92.5 million per vessel.