Containerships LNG-fuelled vessels may receive EU funding

Containerships plc has announced that it has received a co-funding recommendation from the EU for the first four LNG-fuelled vessels that it plans to build. The outcome of the funding is expected to be confirmed during autumn 2016.

Containerships declared the recommendation as a “remarkable recognition” of its environmental strategy and investments needed.

Agreements to build the LNG-fuelled vessels have been signed. However, they are still subject to final approval of the stakeholders in this project.

The LNG-fuelled vessels are expected to be delivered during 2018.

Edited from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/small-scale-lng/25082016/containerships-lng-fuelled-vessels-may-receive-eu-funding-2957/