MOL, Magni Partners order LNG-powered VLCCs

Japan’s shipping giant MOL and Tor Olav Troim’s firm Magni Partners have ordered LNG-powered very large crude carriers in China, according to brokers.

In August last year, MOL signed a shipbuilding contract with Japan’s Kawasaki Heavy Industries for two 309,000-dwt LNG-fueled VLCCs.

China’s Dalian Cosco KHI Ship Engineering (Dacks), jointly operated by KHI and Cosco Shipping, will build these 339.5 meters long and 60 meters wide VLCCs and deliver them in 2025 and 2026.

Lat month, MOL added two more LNG-powered VLCCs to this order, several shipbrokers said.

The deal is worth $260 million, or $130 million per vessel, and MOL is expected to take delivery of these ships in 2026.

As per the order by Magni Partners, the management consulting company ordered two 320,000-dwt LNG dual-fuel VLCCs at China’s New Times Shipbuilding, according to Allied.

This order also includes four options.

According to the broker, Magni Partners will pay about $138 million per vessel and take delivery of the ships in 2026 and 2027.

Troim’s Himalaya Shipping already has twelve 210,000-dwt Newcastlemax LNG dual-fuel bulk carriers on order at NTS.

The Chinese shipbuilder recently delivered the fifth LNG-powered bulker in this batch.

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