Skip to main content



Thursday, November 19, 2020 

Singapore-headquartered Petredec Holdings (Eastern) has announced the signing of a contract for the construction of three 93,000m3 LPG carriers at Jiangnan Shipyard in China, with an option for three more vessels, each vessel to be powered by a MAN B&W 6G60ME-LGIP dual-fuel main engine, capable of running on LPG.

Philip Harwood, Petredec Fleet Director, said: “Petredec has always been at the forefront of new technology and this order continues our tradition of investing in the most efficient and environmentally friendly solution. We are convinced that using LPG as bunker fuel in the MAN Energy Solutions ME-LGIP engine is the best contributor to achieving the targeted 40% reduction in CO2 emissions by 2030”.

Giles Fearn, Petredec Group CEO said “We are proud to have ordered the next generation of VLGCs, which marks an important step for both us and the industry towards decarbonisation by emitting 30% less CO2 than the previous generation 84,000m3 ships burning LSFO. It clearly positions Petredec as the pre-eminent owner of VLGCs with dual-fuel LPG and we are excited for what this next chapter in the company’s evolution will bring”.

Bjarne Foldager, SVP and Head of Two-Stroke Business, MAN Energy Solutions, said: “We are moving towards a zero-carbon future and there is a strong global push towards sustainability. As we pass the 2020 sulphur cap and approach the IMO’s 2030 and 2050 targets, companies committed to sustainability are becoming increasingly attractive. This project displays Petredec’s committment to decarbonisation and showcases MAN Energy Solutions’ dual-fuel engine portfolio that is future-proofed to handle whatever alternative fuels come to prominence in the decades ahead.”

The initial, firm three vessels are scheduled for delivery in January, March, and May 2023, and the optional vessels within Q2 and Q3 2023.

With an existing fleet of 21 VLGC’s, Petredec is already the second-largest owner of VLGCs in the world, with an average age of 3.5 years, the lowest in its market segment.

The new order follows the announcement by MAN PrimeServ, MAN Energy Solutions’ after-sales division, that it had successfully converted the main engine aboard the LPG carrier, BW Gemini, from an MAN B&W 6G60ME-C9.2 type to an MAN B&W 6G60ME- LGIP unit.

Reader Comments (0)

There are currently no comments on this article. Why not be the first and leave your thoughts below.

Leave Your Comment

Please keep your comment on topic, any inappropriate comments may be removed.

Return to index