MOL pens another LNG carrier charter deal

Japan’s shipping firm MOL has revealed another charter contract for a newbuild LNG carrier following a recent deal with a unit of French energy giant TotalEnergies.

MOL said in a statement on Friday it signed a multi-year contract during the third quarter to charter one 174,000-cbm LNG carrier to an “energy major”.

The Japanese firm did not provide any additional information regarding the charterer or the contract.

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) would build this vessel and deliver it in 2026 to augment the charterer’s LNG fleet, MOL said.

The 294.9 meters long vessel would feature MAN ME-GA engine which provides lower emissions compared to previous generation vessels, MOL said.

ME-GA engine is equipped with exhaust gas recirculation (EGR) system that reduces methane slip while improving overall fuel consumption, it said.

Furthermore, the vessel would feature additional functions such as air lubrication system and shaft generator, which together reduce CO2 emissions from the vessel during operation, MOL said.

Shipbuilding sources previously said that MOL was behind a single LNG carrier at DSME in August, and for two LNG carriers in April.

The Japanese firm currently has at least twelve LNG carriers on order at DSME scheduled for delivery between 2023 and 2026, according to VesselsValue.

Most Popular

Aramco eyes large LNG portfolio

Aramco's long-term ambition is to have a portfolio of 20 million tonnes per annum (mtpa) of LNG capacity, according to Aramco’s CEO, Amin Nasser.

ConocoPhillips books Dunkirk LNG capacity

US energy giant ConocoPhillips has booked regasification capacity at France's Dunkirk LNG facility, and it also signed an Asian LNG sales and purchase deal.

Inpex: Ichthys terminal sent 65 LNG cargoes in H1

Japan’s Inpex has shipped 65 LNG cargoes from its Ichthys export plant in Australia during the first six months of this year, down by one cargo compared to the same period last year.

More News Like This

MOL’s LNG carrier fleet stands at 104 vessels

MOL's large fleet of liquefied natural gas (LNG) tankers had 104 vessels as of the end of June this year.

MOL, Equinor name LNG-powered VLCC

Japan's shipping giant MOL has named an LNG dual-fuel very large crude carrier which will serve Norway's Equinor under a charter deal.

Hanwha Ocean says recovery in LNG newbuild market led by US projects

South Korean shipbuilder Hanwha Ocean expects the recovery in the LNG newbuilding market to be led by US export projects and the phase-out of steam LNG carriers.

DNV approves LNG-powered LCO2 carrier

Classification society DNV has awarded a general approval for ship application certificate to Japan's MOL, Malaysia's MISC and Petronas CCS Ventures, and China's SDARI for their jointly-developed LNG-powered liquid carbon dioxide (LCO2) carrier design.