MOL and Cosco name new Yamal LNG vessel

China’s Hudong-Zhonghua held on Wednesday a naming ceremony for the third Yamal LNG vessel owned by a venture consisting of compatriot Cosco Shipping and Japan’s Mitsui O.S.K. Lines.

The owners will take delivery of the 174,000-cbm LNG Phecda by the end of this month.

LNG Phecda is the third in a series of four Yamal-dedicated vessels ordered by the MOL-Cosco venture at Hudong.

MOL and Cosco name new Yamal LNG vessel2
Image: Hudong-Zhonghua Shipbuilding

Each of the 290 meters long ships features WinGD dual-fuel engines and GTT’s cargo containment system.

The Yamal carriers will not directly load chilled fuel at Novatek’s 16.5 mtpa LNG plant in the Russian Arctic.

They will take transshipped LNG at European terminals, previously delivered by ice-class carriers, for onward distribution mainly to Asia.

China State Shipbuilding Corporation’s Hudong is also finalising works on the fourth and final Yamal carrier in this batch, LNG Megrez.

This 174,000-cbm vessel completed its sea trials on Monday.

Hudong, a unit of China State Shipbuilding Corporation, is also finalising works on the fourth and final Yamal carrier in this batch, LNG Megrez.
Image: Hudong-Zhonghua Shipbuilding

The yard delivered the first carrier in this quartet, LNG Dubhe, in October 2019 followed by the second vessel, LNG Merak, earlier this year.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

MOL says it will consider both Chinese and Korean yards for new LNG carrier orders

Japan's MOL said it will consider both Chinese and South Korean yards for new orders of liquefied natural gas carriers. This follows recent media reports suggesting that MOL intends to suspend new LNG carrier orders to Chinese shipyards.

Ibaizabal inks LoI for LNG bunkering newbuild

Spanish shipowner Ibaizabal has signed a letter of intent with China’s Hudong–Zhonghua to build another LNG bunkering vessel, according to shipbuilding sources.

MOL orders LNG-fueled VLCC for charter to Idemitsu Tanker

Japan's shipping giant MOL has ordered a new LNG-fueled very large crude carrier (VLCC) to sail under a long-term time charter contract with compatriot Idemitsu Tanker.

Hudong-Zhonghua gets approvals for new three-tank LNG carrier

Chinese shipbuilder Hudong-Zhonghua has received approvals from classification societies for a new three-tank LNG carrier design.