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

Cheniere produces first LNG cargo at Corpus Christi expansion project

US LNG exporting giant Cheniere has produced the first cargo at the Corpus Christi Stage 3 expansion project in Texas.

Centrica seals LNG supply deal with Petrobras

UK-based energy firm Centrica has signed a 15-year LNG supply deal with Brazil’s state-owned energy firm Petrobras.

Japan’s Japex boosts LNG sales

Japan Petroleum Exploration (Japex) boosted its sales of liquefied natural gas (LNG) in the April-December period last year.

More News Like This

Hanwha Ocean delivers 200th LNG carrier

South Korea's Hanwha Ocean has delivered its 200th liquefied natural gas (LNG) carrier.

Evergreen orders LNG-powered vessels in South Korea and China

Taiwan's shipping firm Evergreen Marine has ordered ultra-large LNG-powered containerships at two yards in South Korea and China.

Hapag-Lloyd to add more LNG-powered containerships to its fleet

Germany's Hapag-Lloyd is expected to add more LNG dual-fuel container vessels to its fleet with a new order at South Korea's Hanwha Ocean, according to shipbuilding sources and brokers.

MOL’s large LNG carrier fleet expands further

The Japanese shipping firm revealed this in its results report on Friday. This is six more LNG carriers than in the previous...