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German shipping giant Hapag-Lloyd has added an ultra-large 24k TEU LNG-powered container ship from South Korean shipbuilder Hanwha Ocean to its fleet, according to a statement. The vessel is equipped with an LNG fuel tank manufactured from manganese steel, which is around 10 times cheaper than the more widely used nickel. Hapag-Lloyd had inked a contract with Hanwha Ocean for a total 12 LNG dual-fuel vessels, ordering six in 2020 and another six in 2021. Deliveries of the vessel started this year.
An expanding regional LNG market: The move comes as regional players are inking deals to boost supply chains of LNG to Europe. Abu Dhabi National Oil Company (Adnoc) inked a preliminary 15-year agreement last week with German energy giant Energie Baden-Württemberg to supply it with 0.6 mn tons of liquefied natural gas (LNG) per year.
