Japan’s Meiji Shipping buys LNG carrier duo from Shell

Japan’s Meiji Shipping has purchased two 2010-built liquefied natural gas carriers from a unit of energy giant Shell as it looks to expand its LNG business.

The shipping firm said on Monday it signed a deal via its Dutch unit MK Centennial Maritime B.V. with UK-based Methane Services Limited for the two 170,000-cbm LNG vessels.

In addition, Meiji plans to take delivery of the vessels between April and August this year.

South Korea’s Samsung Heavy Industries built both Methane Mickie Harper and Methane Patricia Camila.

Meiji did not reveal any additional information regarding the deal only saying the price is “fair and reasonable” looking at the current market value.

According to VesselsValue data, the ships have a market value of about $113 million, each.

Meiji entered the LNG shipping business back in 2019 with its first managed vessel, Marvel Kite.

Moreover, the 174,000-cbm NYK carrier mainly transports LNG from Sempra’s Cameron project in the US.

Most Popular

Update: Shell’s LNG Canada receives LNG cargo

Shell’s LNG Canada has received a cargo of liquefied natural gas as part of the commissioning and start-up phase.

Glencore seals LNG supply deal with China’s Shandong Order Group

China’s Shandong Order Group has signed a deal to buy liquefied natural gas (LNG) from a unit of Switzerland-based energy trader Glencore.

Venture Global LNG gets Calcasieu Pass approval from FERC

US LNG exporter Venture Global LNG has received approval from the US FERC to launch operations of its entire Calcasieu Pass LNG terminal in Louisiana.

More News Like This

Update: Shell’s LNG Canada receives LNG cargo

Shell’s LNG Canada has received a cargo of liquefied natural gas as part of the commissioning and start-up phase.

Shell wraps up acquisition of Pavilion Energy

UK-based LNG giant Shell has completed its previously announced acquisition of Singapore's Pavilion Energy.

Shell seals LNG deal with India’s IRM Energy

A unit of UK-based LNG giant Shell has signed a five-year deal to supply regasified LNG to India's IRM Energy.

China’s SIPG eyes LNG bunkering vessel order

China’s terminal operator, Shanghai International Port (SIPG), is looking to order one large liquefied natural gas (LNG) bunkering vessel, according to shipbuilding sources.