MOL inks deal with Tokyo Gas for wind-assisted LNG carrier

Japan’s shipping giant MOL has joined forces with a unit of compatriot city gas supplier and LNG importer Tokyo Gas on an LNG carrier equipped with wind-assisted ship propulsion systems.

MOL and Tokyo LNG Tanker entered into a deal to install Wind Challenger, a hard sail wind-assisted ship propulsion system developed by MOL and Oshima Shipbuilding, to a newbuild LNG carrier.

The newbuid will get two Wind Challengers.

In March 2024, MOL signed a long-term charter deal with TLT for this 174,000-cbm LNG carrier.

Moreover, South Korea’s Hanwha Ocean is expected to deliver this ME-GA vessel in 2026..

MOL said this is the world’s second Wind Challenger to be installed on an LNG carrier.

IN addition to LNG carriers, two bulk carriers equipped with the system have already been delivered, and seven more are scheduled for delivery.

One of the features of the Wind Challenger is its telescopic sail, which helps reduce fuel consumption and also greenhouse gas emissions, MOL said.

In September 2024, MOL and Chevron Shipping entered into a deal to install Wind Challenger on a newbuild LNG carrier.

This vessel is under long-term charter from MOL’s unit MOL Encean to Chevron Asia Pacific Shipping.

South Korea’s Hanwha Ocean is also building this LNG carrier, and the vessel is scheduled for delivery in 2026.

Most Popular

Venture Global wins Calcasieu Pass arbitration against Shell

US LNG exporter Venture Global LNG has won an arbitration case against UK-based LNG giant Shell over LNG sales from the Calcasieu Pass plant in Louisiana.

Excelerate working to expand Jamaican LNG business

US FSRU player Excelerate Energy has already made some smaller investments to further optimize its recently acquired LNG business in Jamaica, according to CEO Steven Kobos.

AG&P LNG inks offtake MoU for Australian LNG import project

Nebula Energy’s AG&P LNG said it had signed a memorandum of understanding with an Australian integrated energy provider under which the latter may become a significant offtaker of the proposed Outer Harbor LNG terminal in South Australia.

More News Like This

MOL’s LNG carrier fleet stands at 104 vessels

MOL's large fleet of liquefied natural gas (LNG) tankers had 104 vessels as of the end of June this year.

MOL, Equinor name LNG-powered VLCC

Japan's shipping giant MOL has named an LNG dual-fuel very large crude carrier which will serve Norway's Equinor under a charter deal.

DNV approves LNG-powered LCO2 carrier

Classification society DNV has awarded a general approval for ship application certificate to Japan's MOL, Malaysia's MISC and Petronas CCS Ventures, and China's SDARI for their jointly-developed LNG-powered liquid carbon dioxide (LCO2) carrier design.

HD Hyundai Heavy kicks off work on Gdansk FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has officially started building MOL's floating storage and regasification unit (FSRU), which will serve Gaz-System's Gdansk LNG project in Poland.