MOL, GAIL name new LNG carrier in South Korea

South Korea’s Hanwha Ocean, previously known as DSME, hosted a naming ceremony for a new LNG carrier it built for owner Japan’s MOL and charterer India’s GAIL.

The naming ceremony for the 174,000-cbm LNG carrier, Gail Urja, took place on December 19 at Hanwha Ocean’s Okpo yard, according to a statement by MOL.

MOL said this is the company’s second LNG carrier which will serve India’s largest gas utility and will also transport US LNG volumes.

Last year, GAIL started using a newbuild LNG carrier it chartered from MOL to ship its US contracted volumes to India.

In December 2022, MOL and GAIL signed the charter deal for the second vessel saying the contract would start in 2023.

MOL, GAIL name new LNG carrier in South Korea
Naming ceremony (Image: MOL)

Following delivery, the 294.9 meters long Gail Urha will head towards US for its first loading, MOL said.

The ME-GA vessel will be engaged mainly in LNG transport from North America to India.

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 97 LNG carriers in its fleet as of September 30 this year, three more vessels compared to the prior quarter.

MOL expects that it will have 99 LNG carriers in its fleet by the end of March next year.

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

- Advertisements -

Most Popular

China’s Wison wins Indonesian FLNG gig from Genting

China's Wison New Energies has secured a contract from a unit of Genting to build a floating LNG unit...

Japan’s Chiyoda provides Golden Pass LNG update

Japan's engineer Chiyoda has released an update regarding the construction of the Golden Pass LNG export project in Texas,...

South Korea’s Hanwha to increase stake in NextDecade

South Korean conglomerate Hanwha has agreed to buy more shares in US LNG firm NextDecade to increase its stake...

More News Like This

South Korea’s Hanwha to increase stake in NextDecade

South Korean conglomerate Hanwha has agreed to buy more shares in US LNG firm NextDecade to increase its stake...

Adnoc picks South Korean yards to build six LNG carriers

UAE’s energy giant Adnoc has selected two South Korean shipbuilders to build six liquefied natural gas (LNG) carriers following...

CoolCo reveals more details on GAIL LNG carrier charter deal

LNG carrier operator CoolCo has revealed more details regarding its recent 14-year charter deal with India’s largest gas utility...

Hapag-Lloyd takes delivery of LNG-powered giant

Germany’s Hapag-Lloyd has taken delivery of a new ultra-large LNG-fueled containership from South Korea’s Hanwha Ocean. Hanwha Ocean, previously known...