Total charters Sovmcoflot’s LNG newbuild

Russia’s shipping firm Sovcomflot will charter a recently ordered 174,000 cbm LNG newbuild to French energy giant Total for a period of up to seven years.

In addition, the deal comes with options for up to two additional vessels.

To remind, KSOE said earlier this month that its unit Hyundai Samho would build a 174,000 cbm vessel with a price tag of about 198.9 billion won ($181 million) for a Liberia-based owner. Most of Sovcomflot vessels operate under the Liberian registry.

Sovcomflot said in a statement it signed the charter contract for the vessel with Total on Thursday.

The new vessel will be the latest in a series of Sovcomflot’s new-generation conventional Atlanticmax LNG carriers, with three sister ships already in operation: SCF La Perouse, SCF Barents and SCF Timmerman.

The lead vessel of the series, SCF La Perouse, joined Sovcomflot’s fleet in February 2020 and works for Total as well while the other two ships serve Shell.

Like its sister vessels, the newbuild will feature GTT’s Mark III Flex cargo containment system and WinGD slow-speed dual-fuel X-DF engine.

Moreover, the vessel will have a boil-off gas partial re-liquefaction system, which “significantly” reduces cargo losses while on long voyages or awaiting cargo operations, Sovcomflot said.

Sovmcoflot expects to deliver the newbuild to Total in the third quarter of 2023.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

TotalEnergies expands in Malaysia with Petronas deal

French energy giant and LNG player TotalEnergies has entered into a deal with Petronas to buy stakes in multiple blocks offshore Malaysia and one block offshore Indonesia.

TotalEnergies seals Ksi Lisims LNG deal

French energy giant TotalEnergies has signed a 20-year deal with Ksi Lisims LNG to buy LNG from the latter's planned export project in Canada. In addition, TotalEnergies will acquire a 5 percent stake in Houston-based Western LNG, the developer, shareholder, and future operator of the Ksi Lisims LNG project.

TotalEnergies targets Mozambique LNG restart by mid-year, CEO says

France's TotalEnergies and its partners in the giant Mozambique LNG project are planning to restart construction on the 12.8 mtpa project by the middle of this year, according to Patrick Pouyanne, CEO of TotalEnergies.

Three Marsa LNG contracts awarded in Oman

Three firms have secured contracts for the TotalEnergies-led Marsa LNG bunkering project worth about $1.6 billion, according to Oman's Sohar Port and Freezone.