Borealis inks long-term charter contract for LPG dual-fuel newbuild

Austrian chemical company Borealis has inked a long-term charter deal with Japanese shipping company IINO Lines for an LPG dual-fuel very large gas carrier (VLGC).

PHOTO: Borealis’ first LPG dual-fuel VLGC has been in operation since 2023. Borealis

The 93,000 cbm-capacity VLGC can run on LPG and conventional marine fuels. The vessel is set to be delivered in the first quarter of 2027.

Upon delivery, the vessel will transport raw materials to Borealis' petrochemical plant in Porvoo, Finland.

The vessel will also be equipped with a shaft generator system that will be powered by the main engine.

Ships burning LPG can reduce greenhouse gas emissions by 17% on a well-to-wake basis, compared to conventional marine fuels, according to classification society DNV.

By Tuhin Roy

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