Shell adds six LNG carriers to its chartered fleet

Energy giant Shell has agreed long-term charter contracts for six 174,000-cbm newbuild LNG carriers.

Shell Tankers signed the deals with Norway’s Knutsen, South Korea’s Pan Ocean, and investors advised by J.P. Morgan Asset Management, Shell said in a statement on Wednesday.

South Korea’s Hyundai Heavy Industries and Hyundai Samho will build the new vessels and start delivering them from 2023.

The new deal follows a similar agreement for four 174,000-cbm carriers Shell has signed with the same owners in December last year.

Shell announced charters for eight ships of the same class in December 2019 and six in August 2020.

This puts the total to 24 new LNG carriers.

Moreover, the new vessels will feature dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power, along with optimised hull and design speed.

“These ships will be some 35% more efficient than required by the energy efficiency design index (EEDI) and 20% more than required by the annual efficiency ratio (AER), delivering significant emission reductions for our time charter fleet,” said Grahaeme Henderson, global head of Shell shipping and maritime.

Most Popular

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.

Shell denies BP takeover talks

UK-based LNG giant Shell denied it was in talks to buy BP following media reports.

Nordsol in bio-LNG production milestone

Nordsol said that the three operational bio-LNG plants in the Netherlands and the UK, which utilize its technology, have collectively surpassed the 10,000-ton mark in bio-LNG production.