Japan’s MOL charters LNG carrier newbuild to Mitsui

Japan’s shipping giant MOL said on Friday it has signed a charter deal for one 174,000-cbm LNG carrier with compatriot trading house Mitsui & Co.

This is the fourth contract for the duo, following deals for three newbuild LNG carriers signed between September 2014 and January 2015, according to a statement by MOL.

Mitsui uses these three vessels to mainly ship LNG from the Cameron export plant and other terminals in the US.

MOL said in the statement it would provide ship management services for the new vessel, which would transport LNG for Mitsui’s projects around the world.

Also, the vessel would feature the MAN Energy Solutions engine, with improved fuel efficiency.

It also adopts more “environment-friendly specifications” than current LNG carriers, MOL said.

MOL added that it would take delivery of the vessel after 2024, but the firm did not provide any additional information.

South Korean shipbuilder DSME recently received an order for one large LNG carrier, boosting this year’s tally to three LNG vessels.

DSME said it would build the LNG carrier for about $208 million and deliver it to an unidentified owner in Oceania by the end of December 2024.

One shipbuilding source told LNG Prime that MOL could be the owner behind this order.

MOL has several LNG carriers on order at DSME, including four 174,000-cbm carriers that will go on charter to Russia’s Novatek.

- Advertisements -

Most Popular

Grand Isle LNG working on FLNG project off Louisiana

US firm Grand Isle LNG is planning to start production of liquefied natural gas at its proposed floating LNG...

Work starts on first Korean LNG carrier as part of QatarEnergy’s fleet expansion project

LNG giant QatarEnergy celebrated the steel cutting of the first of its new generation of chartered LNG carriers to...

CoolCo’s LNG carriers to get reliquefaction units

LNG carrier operator CoolCo will invest about $50 million to install reliquefaction units on five of its liquefied natural gas...

More News Like This

Japan’s MOL orders LNG-powered bulker

Japan's shipping giant MOL has ordered one LNG-powered bulk carrier at compatriot Oshima Shipbuilding on the back of a...

Australia’s Beach Energy flags Waitsia delay

Australia’s Beach Energy said on Thursday that the second stage of the Waitsia gas project in Western Australia will...

Hong Kong’s first FSRU terminal set to get commissioning LNG cargo

Hong Kong’s first FSRU-based LNG import facility, owned by a joint venture of CLP Power and HK Electric, is...

Japan’s Mitsui buys 92 percent in US gas asset

Japanese trading house Mitsui & Co said it had purchased a 92 percent stake in an unconventional gas asset...