Japan’s JFE Steel inks charter deals for three LNG-powered bulkers

Japanese steel manufacturer JFE Steel has signed long-term charter deals for three 210,000-ton LNG-powered bulk carriers.

JFE Steel said on Tuesday it would use the Newcastlemax vessels to transport iron ore and coal from overseas locations to its steelworks in Japan.

Moreover, the steel producer signed the three deals with compatriot shipping giants NYK Line, K Line, and MOL.

Designed by Nihon Shipyard, Japan Marine United but also Imabari Shipbuilding will build the LNG-powered vessels and deliver them from the beginning of 2024, according to JFE Steel.

With this move, JFE Steel says it would become the first company in Japan to deploy LNG-fueled ships in the 210,000-ton class.

Each ship will have an overall length of less than 300m, beam of up to 50m, freeboard of up to 25m and draft of up to 18.4m.

In addition, maximum gross tonnage will be 110,800 tons and deadweight capacity will be 210,000 tons.

“JFE Steel’s shift to LNG-powered transportation will support global efforts to create a more carbon-neutral world by reducing greenhouse gas emissions generated during international shipping,” the firm said.

JFE Steel said it also plans to consider using zero-emission ships powered by other eco-friendly fuels such as ammonia and carbon-recycling methane.

Most Popular

Excelerate buys GasLog LNG carrier

US FSRU player Excelerate Energy has purchased a 2007-built steam liquefied natural gas (LNG) carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.

NextDecade, Bechtel agree $9 billion EPC deals for two Rio Grande LNG trains

US LNG firm NextDecade and compatriot Bechtel have finalized EPC contracts worth $9.09 billion for the construction of the fourth and fifth trains and related infrastructure at the Rio Grande LNG facility in Texas.

Venture Global gets FERC OK to boost Calcasieu Pass LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to increase the peak liquefaction capacity of its Calcasieu Pass LNG terminal in Louisiana.

More News Like This

KARMOL’s FSRU named in Singapore

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has named its latest floating storage and regasification unit at Seatrium's yard in Singapore.

MOL’s LNG carrier to feature SOFC tech

Japan's MOL and South Korea's Samsung Heavy Industries have received approval from classification society LR for the design of a 174,000-cbm LNG carrier integrating solid oxide fuel fell (SOFC) technology.

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.

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.