Norwegian ferry operator Fjord Line announced this week the receipt of a EUR 124 million loan from the European Investment Bank (EIB) to support the growth of the company’s fleet. Between 2013 and 2014, two new LNG-powered ferries, MS Stavangerfjord and MS Bergensfjord were delivered to Fjord Line from Bergen Group Fosen and are currently in operation between Norway and Denmark.
Mihai Tanasescu, EIB Vice-President responsible for lending in Norway, said: “The EIB strongly supports the development of sustainable European transport. We therefore particularly welcome this agreement with Fjord Line, as the new vessels fuelled by LNG have improved the overall environmental performance of the company’s fleet. As they have also increased the capacity deployed on the routes between Norway and Denmark, this investment will contribute to the EU policy of promoting short sea shipping – a transport mode which is highly efficient not only in terms of environmental performance but also as regards energy efficiency.”
While at Risavika Terminal last month near Stavanger, gCaptain visited the MS Bergensfjord which at the time, was conducting LNG bunkering via Skangass’ LNG tanker trucks at the port. Located directly next door to the Risavika terminal is Skandgass’ LNG terminal which is in the process of building a pipeline directly to the terminal in order to remove the need for bunkering trucks. According to Tor Morten Osmundsen, CEO of Skandgass, the plan is to have the pipeline in operation this summer.
Besides a massively reduced environmental impact from its clean-burning engines, Fjordline CEO Ingvald Fardal notes his company’s ships have other highlights including a highly engineered bow bulb which allows highly efficent sailing at 20 knots, Rolls-Royce Promas thrusters and a steam generator that supplies power to the hotel load.
Fjord Line’s new cruise ferries are both 170 meters long and have deadweight of 3,900 tons. Each ship has 306 cabins.
Tags:
Unlock Exclusive Insights Today!
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
By Gautam Naik (Bloomberg) After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted as recently as Wednesday. Estimates that had...
Oct 8 (Reuters) – Former Amazon.com Consumer CEO Dave Clark said on Tuesday his new software supply chain management startup Auger has raised over $100 million in private equity funding from Oak HC/FT and...
By Alexander Smith BARCELONA, Oct 7 (Reuters) – Britain has a once-in-a-lifetime opportunity to win the America’s Cup for the first time in its 173-year history, skipper Ben Ainslie said on Monday,...
October 7, 2024
Total Views: 2132
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.