Korea Line names first Shell-chartered LNG carrier

A unit of SM Group’s Korea Line has named the first liquefied natural gas carrier it chartered to LNG giant Shell.

South Korea’s shipbuilder Hyundai Heavy Industries and Korea Line LNG held the naming ceremony for the 174,000-cbm LNG carrier, SM Albatross, on August 19, according to a statement by SM Group.

By September next year, four Korea Line’s newbuild 174,000-class LNG carriers would start serving Shell under charter contracts worth about $613 million, it said.

Besides these LNG carriers, Shell also chartered the 18,000-cbm LNG bunkering vessel, K. Lotus, from Korea Line.

South Korea’s Hyundai Mipo Dockyard delivered this large LNG bunkering newbuild in March this year.

To remind, Shell signed charter deals for eight 174,000-cbm LNG carriers in December 2019, six in August 2020, four in December 2020, and six in July 2021.

They will all 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.

Most Popular

Aramco eyes large LNG portfolio

Aramco's long-term ambition is to have a portfolio of 20 million tonnes per annum (mtpa) of LNG capacity, according to Aramco’s CEO, Amin Nasser.

Argentina’s Southern Energy takes FID on second FLNG

Argentina's Southern Energy takes FID on second FLNG

Energy Transfer in advanced talks to sell remaining Lake Charles LNG volumes

Texas-based Energy Transfer is in advanced discussions for the sale of the remaining offtake volumes from its proposed Lake Charles LNG export facility in Louisiana, according to its management.

More News Like This

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.

Shell CEO says LNG Canada ramp-up in line with expectations

LNG Canada's production ramp-up is "very much" in line with what Shell had expected, according to Shell CEO Wael Sawan.