Norway's Kanfer Shipping has signed a letter of intent (LOI) with a Chinese yard to build its first two, speculatively-ordered small-scale LNG bunker and distribution ships.

Kanfer, which is partially owned by part-owned by AG&P, said it will own the 6,000-cbm vessels with its partners and charter them out on long-term contracts.

The two vessels are scheduled for delivery from Taizhou Wuzhou Shipbuilding Industry in the first half of 2023.