Wan Hai orders LNG-powered container vessels in China

Taiwan's Wan Hai Lines has decided to order six LNG dual-fuel container vessels from China's Huangpu Wenchong Shipbuilding.

Wan Hai announced in a stock exchange filing on Tuesday that its board of directors approved the order for six “LNG dual-fuel ready full-container vessels with capacity around 6,000 TEU.”

This could mean the vessels will be LNG-ready rather than LNG dual-fuel, but Wan Hai did not provide further information.

According to the shipping firm, the average price per unit is between $75.2 million and $82 million.

This puts the total price between $451.2 million and $492 million.

Wan Hai did not provide further information.

These container vessels are expected to be the first LNG dual-fuel vessels in Wan Hai’s fleet.

Earlier this year, Wan Hai Lines was reported to be modifying an order for methanol-ready containerships in South Korea to enable the vessels to run on LNG.

The change in order to LNG fuel included eight methanol dual-fuel ready vessels with a capacity of 16,000 TEU.

Four of these ships will be built by Samsung Heavy and four by HD Hyundai Samho.

However, shipbuilding sources said that Wan Hai ultimately decided to stick with the methanol option for these newbuilds.

DNV’s latest data shows 833 LNG-powered ships in operation and 624 LNG-fueled vessels on order.

Of these, 224 LNG-powered containerships and 121 LNG-powered car carriers are in operation.

As per vessels on order, LNG-powered containerships account for a significant share of the total, with 374 units.

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