Chemical tanker operator MOL Chemical Tankers, a subsidiary of Japanese shipping major Mitsui O.S.K. Lines (MOL), has added the fourth LNG dual-fuel stainless steel chemical tanker to its fleet.
The newbuild is a 26,000 dwt vessel named Fairchem Pinnacle, and was constructed by Fukuoka Shipbuilding in Japan.
MOL Chemical Tankers celebrated the delivery of the vessel on June 9 at its office in Singapore.
The first vessel in this series, Fairchem Pathfinder , was delivered in May 2024, followed by the second unit, Fairchem Pioneer , which received an A rating from certification society ClassNK and was delivered in July 2024.
The third unit, Fairchem Prestige, joined the fleet in November 2024.
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Running on environmentally friendly dual-fuel engines, the vessels are expected to reduce CO2 emissions by up to 25% compared to traditional marine fuels.
The ships were ordered by Fairfield Chemical Carriers (FCC), the U.S.-based chemical tanker operator, which was acquired by MOL Chemical Tankers in a $400 million deal in early 2024.
This acquisition enabled MOL Chemical Tankers to integrate its fleet of 81 multi-segregated chemical tankers with stainless steel tanks with 36 vessels owned by FCC, making it one of the largest such fleets in the world.