Project Forward – an ambitious scheme to build the world’s first truly deepsea, LNG-powered ships - said on Tuesday it plans to build up to 20 such dry bulk vessels at Jiangsu Yangzijiang Shipbuilding.

Forward Maritime Group, an affiliate of Greece’ s Arista Group, said in a press release it signed a letter of intent (LOI) with the Chinese yard to deliver the 84,000-dwt ships between 2020 and 2023.

“When delivered, these vessels will be trading under the ‘Forward Ships’ brand,” the statement said without elaborating on the project’s cost.