23AUG2019 - NEWS - Bay Shipbuilding to build LNG barge for East Coast route

Fincantieri Bay Shipbuilding, Sturgeon Bay, Wis., has been awarded a contract to build a new 340’x66’x32’10”, 5,400-cubic-meter tank barge for Polaris New Energy (PNG). The contract includes options to build two sister barges, The barge will be used for the coastwise transportation of liquefied natural gas (LNG).

NorthStar Midstream, a portfolio company of funds managed by Oaktree Capital Management LP, recently formed Polaris New Energy, a marine transportation company focused on the transportation and distribution of LNG along the U.S. coastal and inland waterways.

Utilizing a suitable tug, the barge will operate as an articulated tug-barge (ATB) unit that will initially run along the U.S. East Coast providing LNG bunkering solutions to NorthStar’s customers. PNG will be sourcing LNG from JAX LNG, a new state-of-the-art LNG production facility in Jacksonville, Fla., created through a partnership between NorthStar and Pivotal LNG.