Development Bank of Japan and ClassNK are backing the construction of Fairfield Chemical’s first LNG-powered tanker at Fukuoka Shipbuilding.
Under the program, ClassNK evaluates ships based on a scoring model jointly developed with DBJ from the perspective of “decarbonization, environmentally-friendly performance, and innovativeness”, and DBJ provides investment and financing.
According to ClassNK, the ship was given with “A” rating, recognizing that adequate environment-related investments have been made.
Fukuoka Shipbuilding and Fairfield Japan, a unit of Connecticut-based Fairfield Chemical Carriers firm, jointly developed the tanker that will go on charter to Fairfield Japan.
Fairfield Chemical should take delivery of the first vessel in this batch by the end of this year and the last tanker in 2025.