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.

- Advertisements -

Most Popular

Update: LNG tanker runs aground in Suez Canal

NYK's 2021-built LNG carrier Grace Emilia ran aground in the Suez Canal on Wednesday, but the incident did not...

Shell’s CEO says Europe’s energy crisis is far from over

The energy crisis in Europe is a "multiyear issue" and governments will have to work faster to address the...

Samsung Heavy to build LNG carrier duo for about $496 million

South Korean shipbuilding giant Samsung Heavy Industries has won a new order to build two liquefied natural gas (LNG)...

More News Like This

Knutsen, Enagas, Shell launch LNG bunkering vessel in Barcelona

Knutsen, Enagas, and Shell have officially launched the 5,000-cbm LNG bunkering ship, Haugesund Knutsen, in the Spanish port of...

Shell’s CEO says Europe’s energy crisis is far from over

The energy crisis in Europe is a "multiyear issue" and governments will have to work faster to address the...

Peru LNG shipped five cargoes in January

Peru LNG’s 4.45 mtpa liquefaction plant at Pampa Melchorita has shipped five cargoes in January, one shipment more when...

Shell’s Q4 profit reaches $9.8 billion, LNG sales rise

LNG giant Shell reported a jump in its adjusted earnings in the fourth quarter while its LNG sales also...