MOL and Jera seal another charter deal for newbuild LNG carrier

Japan’s shipping giant MOL has signed a new long-term 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 firm did not provide the duration of the charter.

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

MOL said that South Korea’s Samsung Heavy Industries will build the 174,000-cbm LNG carrier and deliver it in 2026.

The new vessel will feature MAN Energy Solutions ME-GA engine.

It will be 290 meters long and 45.8 meters wide.

MOL expects its huge fleet of LNG carriers to increase to 104 vessels by March 31, 2025.

This includes LNG carriers owned and/or operated by joint venture companies.

According to MOL, the firm had 94 LNG carriers in its fleet in the first quarter of 2023 and 97 LNG carriers in the first quarter of this year.

MOL also previously said that it has more than 30 LNG carriers on order.

As of March 31, 2024 MOL’s fleet also included five FSUs/FSRUs, three LNG bunkering vessels, one LNG powership, six ethane carriers, and 20 LPG/ammonia ships.

Most Popular

BGN delivers its first LNG cargo to Germany, secures Egypt deal

Switzerland-based energy trader BGN has completed its first LNG delivery to Germany, while simultaneously securing a deal to supply Egypt with LNG.

Excelerate’s FSRU launched in South Korea

South Korean shipbuilder HD Hyundai Heavy Industries has launched Excelerate Energy’s new floating storage and regasification unit (FSRU).

US small-scale LNG duo agree to merge

US-based small-scale firms United Energy LNG and Power LNG have agreed to merge, creating a small-scale LNG platform that will serve industrial, power, and transportation markets across North America.

More News Like This

Samsung Heavy wins contract for Eni’s Coral Norte FLNG

South Korean shipbuilder Samsung Heavy has secured a preliminary contract for Eni's second FLNG project in Mozambique, Coral Norte (Coral North), according to shipbuilding sources.

Delfin inks new deals for US FLNG project, eyes FID later this year

Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, is moving forward with the project by signing new deals with Siemens Energy, Samsung Heavy, and Black & Veatch.

KARMOL takes delivery of fourth FSRU

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has taken delivery of its fourth floating storage and regasification unit in Singapore.

Woodside, Jera ink non-binding winter LNG supply deal

A unit of Australian LNG player Woodside and Japan's Jera have entered into a non-binding heads of agreement for the sale and purchase of LNG cargoes during Japan’s peak winter period.