NOCC books another LNG-powered PCTC in China

JP Morgan’s Norwegian Car Carriers (NOCC) has ordered another LNG dual-fuel PCTC from China’s CIMC Raffles in Yantai.

NOCC’s CEO, Olav Sollie, announced the signing of the new shipbuilding deal in a LinkedIn post on Tuesday.

“Just before closing the books for 2025, we, Norwegian Car Carriers (NOCC), signed up for one additional 7000 car capacity dual-fuel (LNG) PCTC – the fourth in our series of state-of-the-art car carriers being constructed by CIMC Raffles,” he said.

Sollie did not provide further details.

According to NOCC’s website, the new PCTC (Hull 613) will be delivered in 2027.

In February 2024, NOCC announced it had entered into an agreement with the shipbuilder for the construction of two car carrier newbuildings with a capacity of 7,000 ceu.

After that, the company added another vessel to this order.

The company said the vessels are LNG dual-fuel type and ammonia-ready basis from DNV.

NOCC recently took delivery of its first LNG dual-fuel PCTC, NOCC Pacific, from the Chinese shipbuilder.

It expects to take delivery of the second vessel, NOCC Adriatic (Hull 611), in 2026 and the third vessel, NOCC Kattegat (Hull 612), in 2027.

VesselsValue data shows that NOCC is expected to pay $88 million for each of the first two LNG-powered PCTCs, and $91 million for the third vessel.

In 2023, NOCC became fully owned by a company advised by JP Morgan Global Alternative’s Global Transportation Group.

Besides the first LNG dual-fuel PCTC, NOCC’s website shows it currently has three PCTCs in its fleet built between 2009 and 2017.

Two of the vessels have a capacity of 6,500 ceu and one has a capacity of 6,754 ceu.

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