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.

- Advertisements -

Most Popular

Pakistan seeks 72 LNG cargoes over six years

State-owned Pakistan LNG is inviting firms to submit bids for a total of 72 LNG shipments for delivery over...

Cheniere working on huge LNG capacity expansion

US LNG exporting giant Cheniere is working to add over 30 million tonnes of capacity at its Sabine Pass...

CEO: Repsol in talks to export Canadian LNG to Europe

Spanish energy firm Repsol has confirmed that it is in negotiations to add liquefaction units at its existing Saint...

More News Like This

Petronas inks CCS pact with South Korean firms

Malaysian energy giant and LNG player, Petronas, has signed a deal with six South Korean companies to study establishing...

Hudong-Zhonghua starts work on CMA CGM’s LNG-powered containership

Chinese shipbuilder Hudong-Zhonghua has kicked off construction on the second out of six LNG-powered containerships for French shipping group...

Hudong-Zhonghua kicks off work on fourth LNG carrier for Cosco and PetroChina

Chinese shipbuilder Hudong-Zhonghua said it has started building the fourth LNG carrier for compatriot Cosco Shipping Energy Transportation and...

EPS says completes bunkering op for world’s first LNG-powered Suezmax

Idan Ofer's Eastern Pacific Shipping has completed the first LNG bunkering operation for what it says is the world’s...