Japan’s MOL orders more LNG-powered car carriers

Japan’s shipping giant MOL has ordered two more LNG-powered car carriers at compatriot Nihon Shipyard.

A spokesperson for MOL confirmed the order to LNG Prime on Friday for two LNG-powered vessels with a capacity of 7,000 units.

MOL now has six LNG-powered car carriers with a capacity of 7,000 units at Nihon, the spokesperson said.

The spokesperson did not provide the delivery dates for the vessels or any additional information.

Brokers said that Nihon is expected to deliver these two new carriers in 2026.

Besides these six vessels, MOL also has four LNG-powered car carriers with the same capacity on order at Shin Kurushima Dockyard.

In August 2021, MOL placed orders for four LNG-powered vessels at the two compatriot yards and added four more in May 2022.

MOL will take delivery of these vessels between 2024 and 2025.

VesselsValue data shows that MOL will pay $95 million per vessel for the order at Nihon in May 2022.

MOL said that all of these car carriers will adopt the “Blue” series name and new hull color design.

The shipping firm previously said that it plans to have 90 LNG-fueled vessels in its fleet by 2030.

However, these 90 vessels now also include methanol-powered ships.

MOL recently signed a basic agreement with Kambara Kisen to charter a newbuilding methanol dual-fuel bulk carrier.

Most Popular

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

US LNG exports climb to 34 cargoes

US liquefied natural gas (LNG) plants shipped 34 cargoes during the week ending April 16. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

GTT secured orders for nine LNG carriers in Q1

French LNG containment giant GTT received orders for nine liquefied natural gas carriers in the first quarter, while its revenue rose 31.6 percent compared to the same period last year.

More News Like This

MOL’s LNG-powered bulker to start work with JFE Steel

MOL's LNG-powered bulk carrier, Verde Heraldo, is ready to start working for Japanese steel manufacturer JFE Steel under a charter deal.

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.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

MOL sells steam LNG carrier for scrap

Japan's shipping giant MOL has sold one steam liquefied natural gas (LNG) carrier for scrap, according to brokers.