AsiaVessels

Korea Line names first Shell-chartered LNG carrier

By LNG Prime Staff
Korea Line names first Shell-chartered LNG carrier
The naming ceremony was held at HHI's yard in Ulsan (Image: SM Group)

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

Vessels

Golar buys conversion vessel for fourth FLNG

Floating LNG player Golar has agreed to acquire the LNG carrier Grace Dahlia from Japan's NYK Line to convert it into a floating LNG production unit.
LNG Terminals

Cove Point LNG to resume operations after maintenance

Berkshire Hathaway’s unit BHE GT&S is expected to restart its Cove Point LNG export plant in Maryland soon following planned annual maintenance.
LNG Terminals

Equinor says Hammerfest LNG upgrade costs climb further

Costs for Equinor’s Snohvit Future project, which includes upgrading the 4.3 mtpa Hammerfest LNG export facility on Melkoya Island in Norway, have increased further from the original estimates.

More News Like This

Corporate

Shell: Q3 LNG trading results to be in line compared to previous quarter

UK-based LNG giant Shell expects trading and optimization results for its integrated gas business in the third quarter of 2026 to be in line compared with the previous quarter.
LNG Terminals

Peru LNG sent four shipments in September

Peru LNG’s liquefaction plant at Pampa Melchorita shipped five liquefied natural gas cargoes in September, the same as in the previous three months, according to shipment data by state-owned Perupetro.
LNG Terminals

Shell, partners take FID on LNG Canada Phase 2

UK-based LNG giant Shell and its LNG Canada partners have made a final investment decision on the project's second phase, which will double production capacity at the facility in Kitimat, British Columbia.
Contracts and Tenders

MET buys more US LNG from Shell

Switzerland-based energy trader MET Group has agreed to buy more US liquefied natural gas (LNG) from UK-based energy giant Shell to supply its European customers.