Sinokor buys LNG carrier from TotalEnergies

South Korea’s Sinokor Merchant Marine has purchased a 2007-built LNG carrier from France’s TotalEnergies and Japan’s NYK, according to brokers.

The vessel in question is the 154,500-cbm LNG Alliance, previously known as Gaselys.

According to reports by Intermodal and other brokers, TotalEnergies sold the LNG carrier to Sinokor for $68 million.

One of the world’s largest LNG players also chartered the vessel back for a period of about 15 months, the reports said.

TotalEnergies purchased this vessel and other LNG carriers as part of its $1.49 billion LNG assets deal with compatriot Engie which closed in 2018.

This LNG carrier is a sister ship to LNG Unity, now named Karadeniz LNGT Powership Anatolia after TotalEnergies sold it to Turkey’s Karpowership.

LNG Alliance is 289.6 meters long and features Wartsila’s dual-fuel propulsion and GTT’s CS1 tank membrane tech.

TotalEnergies charters a large fleet of LNG carriers to ship contracted and spot LNG supplies around the globe. These also include two floating storage and regasification units.

The firm recently said that the company’s integrated LNG business logged a drop in its adjusted net operating in the first quarter of this year due to lower prices.

During the first quarter, TotalEnergies sold 11 million tonnes of LNG, down by 17 percent when compared to the year before and a drop of 13 percent when compared to the prior quarter.

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