Concordia Damen Bags 40 Inland Waterway Barge Order from JP Morgan

Concordia Damen has signed a contract for 40 eco-friendly dual fuel barges with institutional investors advised by JP Morgan Asset Management. These
Concordia Damen Bags 40 Inland Waterway Barge Order from JP Morgan

barges will be chartered by Shell and operated by the VT Group & Marlow. Frachtcontor Capital Partners was the broker for the deal. The 110 x 11.5 metres vessels will have LNG propulsion and extreme shallow draught capabilities, 2800 ton on 3.25 metre draught, in order to maximise cargo carrying capacity on Dutch, Belgian and German canal and river networks.

The VT Group is specialised in inland shipping, transporting minerals, chemical products, bio fuels and lubricants. The Parsifal tankers will transport mineral oils between Antwerp, Amsterdam, Rotterdam and the Rhine network.

Concordia Damen will begin construction of the tankers in December this year. The delivery of the first vessel will be in November 2021. After that, the yard will deliver another vessel each month, completing the order by December 2024.

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