China Shipbuilding Group to build five parcel vessels for Stolt Tankers

27 November 2012 (Last Updated November 27th, 2012 18:30)

China Shipbuilding Group (CSSC) has won a contract from Stolt Tankers, a subsidiary of Stolt-Nielsen, to build five 38,000dwt stainless steel parcel tankers with an option for another three similar vessels.

China Shipbuilding Group (CSSC) has won a contract from Stolt Tankers, a subsidiary of Stolt-Nielsen, to build five 38,000dwt stainless steel parcel tankers with an option for another three similar vessels.

Construction of the vessels will be carried out by CSSC’s units Hudong-Zhonghua Shipbuilding (Hudong-Zhonghua) and China Shipbuilding Trading (CSTC), with delivery scheduled to start from December 2015.

Each vessel will be equipped with 43 stainless steel cargo tanks, cargo pumps, and heating and cooling capacity to offer operational flexibility.

The shallow draft of the new vessels is expected to help them consume less fuel than current parcel tankers when fully loaded.

Stolt-Nielsen chief executive officer Niels Stolt-Nielsen said the new vessels would meet the requirement of the company’s contract of affreightment customers, which involves improved energy efficiency and cargo handling flexibility.

"The order represents approximately half of our required replacement tonnage through 2016, given Stolt Tankers’ present contract portfolio," Stolt-Nielsen said.

Each parcel tanker will have a total volume of 44,000 cubic metres and will fulfil the common structural rules for oil tankers including Marpol Annex I and Annex II cargo requirements.

According to the company, the new parcel tankers will also feature IMO I, II and III capabilities.

Stolt Tankers expects to recycle five 1986-built vessels in 2016 and replace them with the new parcel tankers.

Stolt Tankers and its partners own and operate 150 1,100dwt-44,000dwt vessels around the world.