MOL and Jera ink charter deal for another newbuild LNG carrier

Japan’s shipping giant MOL has signed a new deal to charter one newbuild liquefied natural gas carrier to compatriot LNG trading and power firm Jera.

MOL said in a statement on Wednesday it has signed the long-term charter deal with a vessel operation management company funded by Jera.

The LNG carrier will be managed by MOL and will transport LNG for Jera.

MOL did not provide the duration of the charter.

According to MOL, this is the sixth LNG carrier charter contract for the two firms and follows a deal announced in June this year.

MOL said that South Korea’s Samsung Heavy Industries will build the 174,000-cbm LNG carrier and deliver it in 2027.

Also, the new vessel will feature MAN Energy Solutions ME-GA engine.

It will be 299.4 meters long and 46.4 meters wide.

Samsung Heavy recently announced an order for one 174,000-cbm LNG carrier tied to MOL and worth about $260 million.

The shipbuilder said it will deliver this LNG carrier by September 2026.

Prior to this order, Samsung Heavy secured a contract from MOL to build two LNG carriers for about $258.5 million per vessel and two more LNG carriers for MOL for about $248 million per vessel.

Samsung Heavy will deliver these vessels in 2026-2027.

- Advertisements -

Most Popular

Sempra, Bechtel ink EPC deal for Port Arthur LNG expansion project

US LNG exporter Sempra Infrastructure, a unit of Sempra, and compatriot engineering and construction firm Bechtel have finalized a...

Tellurian expects to take FID on two Driftwood LNG plants in 2024

US LNG firm Tellurian said on Monday it expects to take a final investment decision in 2024 to build...

German LNG terminal operator gets no bids in latest capacity auctions

State-owned LNG terminal operator Deutsche Energy Terminal will launch new capacity auctions for its FSRU-based facilities in Brunsbüttel and...

More News Like This

Japan’s MOL takes delivery of new LNG-powered PCTC

Japan’s shipping giant MOL has taken delivery of a new LNG dual-fuel pure car and truck carrier from...

GTT scores tank gig for Canadian FLNG

French LNG containment giant GTT has secured a tank design order from South Korean shipbuilder Samsung Heavy for one...

Adnoc L&S orders eight LNG carriers in South Korea

Adnoc Logistics & Services, a unit of UAE's energy giant Adnoc, has ordered eight liquefied natural gas (LNG) carriers...

Japan’s MOL boosts LNG carrier business with Itochu deal

Japan's shipping giant MOL has decided to buy Itochu's 50 percent stake in LNG Rose Shipping, making the LNG...