Dutch yard Concordia Damen, part of Dutch yard group Damen, has signed a contract to build 40 environmentally friendly dual-fuel barges with institutional investors advised by investment bank J.P. Morgan Asset Management. The barges will be chartered by oil company Shell and operated by the VT Group/Marlow. Frachtcontor Capital Partners was the broker for the deal.
The 110m-long and 11.5m-wide vessels will have LNG propulsion and extreme shallow draught capabilities. They will be able to carry 2,800 tonnes of freight with a 3.25m draught in order to maximise cargo-carrying capacity on Dutch, Belgian and German canal and river networks.
VT Group is specialised in inland shipping, transporting minerals, chemical products, biofuels and lubricants. The vessels will transport mineral oils between Antwerp, Amsterdam, Rotterdam and the Rhine inland waterways network.
Concordia Damen will begin construction of the vessels in December this year. The delivery of the first barge ís scheduled to be in November 2021. After that, the yard will deliver another vessel each month, completing the order by December 2024.