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The M/S Containerships Nord has been launched at Wenchong Shipyard, China.

Shipbuilding work on the first vessel will continue on an outfitting pier where the interior, such as piping, cabling, smaller machinery and furnishings of the vessel, will be installed.

The main engine factory acceptance was completed in September and the LNG tanks have been accepted and are ready to be installed on the shipyard, the company confirmed.

The launch of the first LNG-fuelled vessel was also followed by the keel laying of the second vessel, which is now being built on the slipway. 

All four of Containerships’ LNG-fuelled newbuild vessels are in production. The steel cutting of the third and fourth vessels commenced in May and September respectively.

In 2018, the four LNG-fuelled vessels will be in operation in the Baltics and North Sea. The first vessel is expected to start sailing during the first half of 2018, subject to the completion of sea trials.

In addition, Containerships has announced the placing of a €60 million senior secured bond under a framework of up to €100 million. The proceeds from the transaction will be used to refinance an existing bond and for general corporate purposes including investments and acquisitions.

‘We are pleased with the strong interest shown in the company from both current and new bond investors,’ said Kari-Pekka Laaksonen, CEO of Containerships. ‘Not only does the bond issue allow the Company to lower its cost of financing; it will enable the company to deliver on its ambition of launching Europe’s first fully LNG-based supply chain, positioning it at the vanguard of European short sea logistics.’

 

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