Kockums Sells LNG Ship To West German Consortium

Kockums AB of Malmo, Sweden, has reached a preliminary agreement with a West German consortium for the sale of one of the two LNG carriers now undergoing final outfitting at the yard.

Kockums has also granted an option on the second LNG carrier.

Negotiations regarding the sales contract have been initiated, and the ship is expected to be delivered by June 30, 1981. The contract is subject to approval by Swedish authorities.

The sale represents a highly positive outcome of Kockums' intensive marketing efforts in the face of the difficult market conditions that prevail in this area.

Kockums considers the sale price to be satisfactory, according to managing director Christian Christiansson. The West German consortium will operate the LNG carrier on the international market under German flag. The operator will be Tankreederei Ahrenkiel GmbH, Hamburg. If no cargo is available as of the delivery date, the ship will be laid up at Kockums.

The Kockums LNG carrier is designed for the transport of liquefied natural gas and is fitted with five tanks with a total capacity of 133,000 cubic meters.

Length overall is 284.5 meters, beam is 41.8 meters, and draft is 10.7 meters (about 933.4 by 137.1 by 35.1 feet). The ship operates at a speed of 20.1 knots.

Maritime Reporter Magazine, page 10, Jan 15, 1981

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.