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

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

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.

Shell CEO expects progress on Venture Global arbitration this year

Shell’s CEO Wael Sawan expects to have an update on an arbitration dispute with US LNG exporter Venture Global LNG later this year.

Shell plans to boost LNG sales by up to 5 percent per year

UK-based LNG giant Shell said on Tuesday it aims to reinforce its leadership position in liquefied natural gas by growing sales by 4-5 percent per year through to 2030.