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Bernhard Schulte entering into CO2 market

signing ceremony between Bernhard Schulte, DSOC and Northern Lights
Bernhard Schulte orders its first CO2 tanker under a time charter agreement with Northern Lights.

Bernhard Schulte ordered its first CO2 tanker to be constructed at the Chinese shipyard, Dalian Shipbuilding Offshore (DSOC), under a time charter agreement with Northern Lights.

The ship will be the fourth in line to the sister ships currently under construction at Dalian Shipbuilding Offshore. 

"This deal marks another major milestone for us. CCS is a safe and efficient way to handle emissions and it is critical to meet climate targets. We are excited to see Bernhard Schulte now entering the Liquid CO2 business, as strong partnerships are required to succeed. We have a strong belief in the tripart collaboration between Northern Lights JV, DSOC and Bernhard Schulte," says Børre Jacobsen, Managing Director of Northern Lights.

The ships will have a cargo capacity of 7,500 m3. Custom-built for the transportation of liquefied CO2, these ships are the first of their kind and will safely transport CO2 from Northern Lights’ customers across Northwest Europe to the CO2 receiving terminal at Øygarden, Norway before permanent geological storage. The primary fuel for the ships will be LNG. Combined with other proven technologies, such as wind-assisted rotor sail and air lubrication, the ships will have around 34% lower carbon footprint compared to conventional ships running on marine fuel.

Ordering this vessel is an exciting step in the expansion of Bernhard Schulte’s fleet portfolio in an innovative future tanker segment. We are looking forward to becoming part of the Northern Lights industry-leading project to provide CO² transport and storage infrastructure. We are furthermore delighted to have Dalian Shipbuilding Offshore as our selected partner in this endeavour. The Schulte Group has long-standing relationships with Chinese shipyards, which is a strong foundation for this outstanding project,” says Ian Beveridge, CEO of Bernhard Schulte.

As the most experienced offshore yard in China, we are glad to form such a first-ever cooperation relationship with Bernhard Schulte and jointly provide our services to contribute to Northern Lights CCS projects. DSOC is confident to deliver the vessel on time with the highest quality and HSE standards. It is indeed a great honour to be part of this collaboration by providing our Liquefied CO2 transportation solutions, says Yingzhi Sun, President of DSOC.