CONCORDIA Damen has signed a contract with institutional investors advised by Jp Morgan to build 40 duel fuel barges by December 2024. They will be used for transporting chemicals in European inland waterways.
The units will have a high 2800 ton load capacity thanks to a very shallow draught. Under the agreement negotiated by Frachtcontor Capital Partners, the barges will be chartered to Shell, and will be operated by a joint venture between VT Group and Marlow Navigation Netherlands.
VT Group is specialized in inland shipping and, more precisely, in the transport of minerals, chemicals, biofuels and lubricants. The tankers will transport mineral oils between Antwerp, Amsterdam, Rotterdam and the Rhine network. Marlow, on the other hand, will see to all the crew organizational profiles.
According to Shell’s trading manager, Martin Van Veen, Concordia Damen was chosen for her proven ability to build shallow draft units, a key factor in this project.
Concordia will start building the barges in December. They will be delivered from November 2021 onwards.
Translation by Giles Foster