MOL and Jera seal charter deal for 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 signed the long-term charter deal with a vessel operation management company funded by Jera.

It did not provide the duration of the charter.

According to MOL, this is the fifth contract for the two firms, following a time charter contract for four LNG carriers that were signed for Jera.

MOL said that Hanwha Ocean, previously known as DSME, will build the 174,000-cbm LNG carrier and deliver it in 2025.

The new vessel will feature MAN Energy Solutions ME-GA engine, which improves fuel consumption efficiency, with specifications that enhance its environment friendliness, compared to conventional LNG carriers, MOL said.

It will be 299.4 meters long and 46.4 meters wide.

MOL has a large number of LNG carriers on order at Hanwha Ocean and last year revealed charter deals for vessels being built at the shipbuilder and scheduled for delivery in 2025 and 2026.

Earlier this year, MOL ordered one LNG carrier at Hanwha Ocean scheduled for delivery in 2027.

The shipping firm has at least 14 LNG carriers on order at Hanwha Ocean, according to VesselsValue data.

Most Popular

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.

TPDC, Energetech Tantel to develop Tanzanian small-scale LNG plant

State-run Tanzania Petroleum Development Corporation has signed a memorandum of understanding with Energetech Tantel to develop what they say is Tanzania's first small-scale LNG plant.

More News Like This

Hanwha Ocean to buld Korean LNG-powered icebreaker

South Korean shipbuilder Hanwha Ocean has secured a contract to build one LNG dual-fuel research icebreaker.

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.

Jera plans to build new LNG units at Sodegaura power plant

Japan’s Jera plans to build new LNG-fueled units at its Sodegaura power plant in the Chiba prefecture, as part of its plans to replace aging facilities.