LNG

Avenir LNG, the European small-scale LNG fleet owner, terminals operators and a supplier to off-grid customers, has joined with a Chinese bunkering company to deliver LNG fuel to a ship in Shanghai owned by Israel’s ZIM Integrated Shipping Services.

Avenir LNG, the Norwegian-listed small-scale LNG project developer and vessel owner, has taken delivery of the “Avenir Achievement” as it expands its small-scale terminal and carrier business.

Avenir LNG, the small-scale LNG supplier with an import terminal on the Italian island of Sardinia and a small fleet of vessels, has just reported a positive operating profit for the first nine months of 2021.

Avenir LNG, a company owned by Norwegian shipping and infrastructure operators, said its newest 20,000 cubic metres capacity LNG bunkering vessel has been launched in China and it would be delivered later in 2021.

The “Avenir Allegiance” entered the water at the Zhoushan Changhong Sinopacific Shipyard Co. in China’s eastern Zheijang province.

“The vessel is scheduled to be delivered from the yard in the third quarter of this year and she will join the Avenir LNG fleet as the world’s largest LNG bunkering vessel,” said Avenir.

Avenir is a joint venture owned by London-based Norwegian shipping and storage company Stolt-Nielsen and its peer fleet owners and project companies, Höegh LNG and Golar LNG.

The company said that the “Avenir Allegiance” would be Cayman Island-flagged and is the fourth of six newbuilds delivered to Avenir.

Avenir’s first newbuild delivery, the “Avenir Advantage”, took place in October 2020 and will be followed by the “Avenir Accolade”, the “Avenir Aspiration”, the “Avenir Allegiance”, the “Avenir Ascension” and the “Avenir Achievement” during 2021.

“We are delighted to see the latest, and largest, vessel in the Avenir LNG fleet being successfully launched by our partners CIMC SOE,” said Peter Mackey, Chief Executive of Avenir LNG Limited.

“We look forward to taking delivery of the ‘Avenir Allegiance’ later this year,” he added.

Avenir CEO Mackey stated that as the largest LNG bunkering vessel in the world, the “Avenir Allegiance” was a clear demonstration of Avenir’s commitment to developing new LNG supply chains.

“She will play a critical role in helping the shipping industry to transition to LNG as a more environmentally sustainable fuel,” stated Mackey.

“The ‘Avenir Allegiance’ will operate as both an LNG bunkering vessel and an LNG supply vessel,’ explained the CEO.

“This highly flexible vessel underscores our strategy of simultaneously unlocking multiple new LNG markets with multi-functional assets.,” said Mackey.

Avenir is building up a fleet of LBVs vessels of between 7,500 cubic metres capacity and 20,000 cubic metres capacity.

Another of the LBVs, the “Avenir Advantage”, was delivered in November 2020 to the Future Horizon joint venture comprising Malaysia’s MISC Group and Avenir.

Additionally, Malaysian energy company Petronas has chartered the “Avenir Advantage” from Future Horizon for a period of three years.

Norwegian firm Stolt-Nielsen started up the small-scale LNG sector firm Avenir in 2015 and its two investors, Golar and Höegh, each have 22.5 percent of Avenir to Stolt-Nielsen’s 45 percent.

The experienced shipping partners of Avenir are aiming to build up the market in small-scale LNG supply to off-grid industry for power generation and transportation fuel, as well as providing infrastructure to support the development of LNG as a marine fuel.

Avenir additionally has an 80 percent stake in a small-scale LNG import project company Higas on the Italian island of Sardinia, while the local partners are Gas & Heat and CPL Concordia, each holding 10 percent of the Sardinia venture.

Avenir LNG Ltd, a company owned by Norwegian shipping and infrastructure companies, has delivered its first dual-purpose liquefied natural gas bunkering and supply vessel (LBV), the “Avenir Advantage”, to the Future Horizon joint venture comprising Malaysia’s MISC Group and Avenir.

The ship was constructed by Keppel Offshore and Marine at the Nantong Shipyard in China’s eastern Jiangsu province.

“With the delivery of the ‘Avenir Advantage’, Future Horizon is the first dedicated LBV commercial operator in Southeast Asia,” said Avenir

Additionally, Malaysian energy company Petronas has chartered the “Avenir Advantage” from Future Horizon for a period of three years.

“Following her maiden voyage from China, the ‘Avenir Advantage’ has successfully completed the commissioning of the LNG re-loading equipment on the ‘FSU Tenaga Satu’ and the first LNG bunkering of the ‘SIEM Aristotle’ car carrier,” explained Avenir

The “Avenir Advantage” will supply the region’s LNG-fuelled vessels and small-scale LNG projects.

“We are very proud to deliver the first dedicated LNG bunker vessel in Southeast Asia,” said Milorad Doljanin, Chief Executive of Avenir

“With the backing of Petronas’s LNG supply infrastructure, LNG is undeniably a reliable and cost-effective solution to meeting the sulphur cap regulations set by the International Maritime Organization in 2020,” added Doljanin.

“Further to the provision of LNG as a bunker fuel, the delivery of the ‘Avenir Advantage’ means that Petronas now has the infrastructure in place to support the rapid deployment of small-scale supply chains and we are proud to be working with Petronas as envisaged under our previously announced arrangements,” he explained

Avenir LNG is a joint venture owned by London-based Norwegian shipping and storage company Stolt-Nielsen and its peer fleet owners and project companies, Höegh LNG and Golar LNG.

The “Avenir Advantage” is the first of two ships ordered from the Keppel Nantong shipyard.

Each vessel has a cargo capacity of 7,500 cubic metres capacity with two Type-C storage tanks.

Stolt-Nielsen started up small-scale LNG sector firm Avenir in 2015 and its two newer investors, Golar and Höegh, each have 22.5 percent of Avenir to Stolt-Nielsen’s 45 percent.

The experienced shipping partners of Avenir are aiming to build up the market in small-scale LNG supply to off-grid industry for power generation and transportation fuel, as well as providing infrastructure to support the development of LNG as a marine fuel.

Avenir additionally has an 80 percent stake in a small-scale LNG import project company Higas on the Italian island of Sardinia, while the local partners are Gas & Heat and CPL Concordia, each holding 10 percent of the Sardinia venture.