K Line orders third LNG carrier at Hudong

Japan’s shipping giant K Line has signed a shipbuilding contract with China’s Hudong-Zhonghua for a third medium-sized LNG carrier, according to shipbuilding sources.

The new 79,960-cbm LNG carrier is a sister vessel to the two vessels already under construction at the state-owned yard, sources told LNG Prime.

However, the new ship would have some minor modifications compared to the first two vessels, the sources said.

The sources did not reveal the price tag or the delivery date for the newbuild.

According to VesselsValue, K Line would pay about $120 million for the first two LNG carriers, each. Hudong will deliver the first two ships next year.

Such as the first two vessels, K-Line would charter the new ship to Malaysia’s Petronas, the sources said.

The first two 239 meters long carriers will transport LNG under a long-term deal the Malaysian firm previously signed with China’s Shenergy Group.

In January 2020, Petronas signed a heads of agreement with Shenergy to supply about 1.5 mtpa of LNG to the latter’s Wuhaogou receiving terminal in China from its Bintulu plant in Malaysia.

The LNG supply deal also involved a shipping collaboration to construct and charter new mid-sized LNG vessels as the Wuhaogou terminal can only receive vessels up to 90,000 cbm capacity.

As previously reported, the first two Wuhaogou-Max (W-Max) vessels will be optimized for the delivery of LNG cargoes to Shenergy’s Wuhaogou terminal.

With a draft of less than nine meters, the ships will have the capability of delivering fully laden cargoes within the channel’s permissible limits without exceeding the port’s draught limit.

The LNG carriers will feature WinGD’s dual-fuel X-DF propulsion and GTT’s NO96 L03+ containment system.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

LNG Canada sends second cargo

Shell-led LNG Canada has shipped the second cargo of liquefied natural gas from its Kitimat facility on the west coast of Canada. LNG Canada shareholder Petronas will deliver this shipment to Japan.

QatarEnergy LNG carrier wraps up trials in China

A 174,000-cubic-meter liquefied natural gas (LNG) carrier, built as part of QatarEnergy's massive shipbuilding program, has completed its trials in China, according to Hudong-Zhonghua.

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.