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

LNG Canada to send third cargo

Shell-led LNG Canada is expected to soon ship the third cargo of liquefied natural gas from the Kitimat facility, according to shipping data.

Hyundai LNG Shipping sells another carrier for scrap

South Korea's Hyundai LNG Shipping has sold another steam liquefied natural gas (LNG) carrier for scrap, according to brokers.

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

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.

KARMOL’s FSRU named in Singapore

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has named its latest floating storage and regasification unit at Seatrium's yard in Singapore.

MOL’s LNG carrier to feature SOFC tech

Japan's MOL and South Korea's Samsung Heavy Industries have received approval from classification society LR for the design of a 174,000-cbm LNG carrier integrating solid oxide fuel fell (SOFC) technology.