North European Oil Trade Oy News

Terntank Orders 2 More LNG Fueled Tankers

Terntank proclaims its options on two sister ships to the two LNG powered product tankers ordered in the autumn of 2013. The oil company NEOT also confirmed that they are taking in two of these on time charter. Terntank Rederi AS now has four LNG powered 15,000 dwt product tankers on order at the Chinese shipyard Avic Dingheng Shipbuilding Co., Ltd. The ships will be delivered at three-month intervals so that the first one will be delivered in the spring of 2016 and the fourth in the beginning of 2017. Terntank elected to declare its two options because there is considered to be a demand for energy efficient and environmentally adapted tanker tonnage.