MOL and Tokyo Gas pen charter deal for newbuild LNG carrier

Japan’s shipping giant MOL has signed a new deal to charter one newbuild liquefied natural gas carrier to a unit of compatriot city gas supplier and LNG importer, Tokyo Gas.

MOL said in a statement on Tuesday it signed the long-term charter deal with Tokyo LNG Tanker.

This is the eighth contract, following a time charter contract for seven LNG carriers that were signed for TLT, it said.

According to MOL, the 174,000-cbm vessel will be built by South Korea’s Hanwha Ocean at its Geoje yard, and is scheduled for delivery in 2026.

It will be managed by MOL and will transport LNG for TLT.

Moreover, the LNG carrier will be 294.9 meters long and 46.4 meters wide.

It will feature MAN Energy Solutions ME-GA engine, which improves fuel consumption efficiency, MOL said.

MOL did not provide further information.

MOL’s huge fleet of LNG carriers continues to expand and the Japanese shipping giant currently has more than 30 LNG vessels on order.

The firm had 96 LNG carriers in its fleet as of December 31 last year.

MOL expects that it will have 97 LNG carriers in its fleet by the end of March this year.

This includes LNG carriers owned and/or operated by joint venture companies.

Most Popular

Excelerate buys NFE’s Jamaica business for $1.05 billion

US FSRU player Excelerate Energy has entered into a definitive agreement with compatriot LNG player New Fortress Energy to acquire NFE’s business in Jamaica for $1.055 billion in cash.

Snam’s Ravenna FSRU to get first LNG shipment

Snam's 170,000-cbm FSRU BW Singapore, located off Italy's Ravenna, is set to receive the first LNG cargo from the US as part of its commissioning activities.

Argentina’s Enarsa gets offers for LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received seven offers for its first LNG cargo tender in 2025.

More News Like This

Japan’s Tokyo Gas completes Sodegaura LNG power plant

Japan’s city gas supplier and LNG importer, Tokyo Gas, has completed its power plant located at the LNG import terminal in Sodegaura, Chiba prefecture.

Japan’s Tokyo Gas to expand LNG trading business

Japan’s city gas supplier and LNG importer, Tokyo Gas, plans to expand its liquefied natural gas trading business further, including in the US.

QatarEnergy LNG carrier completes trials in China

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

Titan, MOL wrap up first LNG bunkering op under new term contract

Dutch LNG supplier Titan and Japan's shipping giant MOL have completed the first LNG and bio-LNG bunkering operation for MOL's car carrier under a new multi-delivery contract.