JP Morgan, Shell take delivery of newbuild LNG carrier

Global Meridian Holdings, part of JP Morgan Asset Management, has recently taken delivery of one 174,000-cbm LNG carrier chartered by Shell.

LNG Prosperity left Hyundai Heavy’s yard in Ulsan, South Korea, on its maiden voyage on January 6, according to its AIS data provided by VesselsValue.

It appears that the vessel is heading toward the Panama Canal to pick up a cargo at one of the US LNG export plants in Louisiana or Texas.

The data shows that Global Meridian Holdings ordered this LNG carrier in December 2019 for about $174 million.

This is almost $80 million less compared to today’s prices for a 174,000-cbm LNG carrier in South Korea.

This 299 meters long vessel features WinGD X-DF engines and GTT’s Mark III Flex containment system.

Bernhard Schulte Shipmanagement (Hellas) said in a social media post last week that the group had welcomed LNG Prosperity under its full management fleet on January 6.

Shell Tankers (Singapore), a unit of Shell, previously announced charter deals, including for this vessel, for in total 24 LNG carriers of the same class with several owners such as JP Morgan and Norway’s Knutsen.

All of the LNG carriers will feature dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power along with optimized hull and design speed, according to Shell.

Most Popular

Golar moving forward with new FLNG order

Floating LNG player Golar LNG is moving forward with its plans to order its fourth FLNG conversion. In order to secure "attractive" delivery, Golar plans to enter into slot reservations for long-lead equipment within the third quarter of this year.

Venture Global eyes FID on second CP2 phase in 2026

US LNG exporter Venture Global LNG expects to make a final investment decision on the second phase of its CP2 LNG project in Louisiana in 2026, according to CEO Mike Sabel.

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

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.

YPF CEO sees FIDs on FLNG projects with Eni, Shell in Q1 2026

Argentina’s state-owned oil and gas company YPF and its partners Eni and Shell may take final investment decisions on two stages of the Argentina LNG project in the first quarter of 2026, according to YPF CEO Horacio Marin.

Peru LNG sent five cargoes in July

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped five liquefied natural gas cargoes in July, the same as in the previous month.

Fluor, JGC score FEED job for LNG Canada expansion

A joint venture of US engineer Fluor and Japan's JGC has been awarded the contract to update the front-end engineering and design (FEED) for a proposed Phase 2 expansion of the Shell-led LNG Canada project.