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

QatarEnergy CEO says damaged Ras Laffan LNG trains to take three years to repair

State-owned LNG giant QatarEnergy expects the damage to two liquefaction trains at its giant Ras Laffan complex to take three years to repair, according to Qatar’s energy minister and CEO of QatarEnergy, Saad Sherida Al-Kaabi.

Hanwha Ocean, KR to develop LNG bunkering vessel concepts

South Korean shipbuilder Hanwha Ocean is teaming up with Korean Register (KR) to jointly develop two design concepts for an 18,000-cbm LNG bunkering vessel.

Glencore pens Chinese LNG supply deal

Switzerland-based energy trader Glencore has signed a long-term deal to supply liquefied natural gas (LNG) to a unit of China Suntien Green Energy.

More News Like This

Hanwha Ocean launches Singapore’s first FSRU

South Korean shipbuilder Hanwha Ocean has launched MOL’s floating storage and regasification unit (FSRU), which will serve Singapore’s second LNG import terminal.

MOL names first LNG carrier equipped with sails

Japan's MOL has named what it says is the world’s first LNG carrier equipped with a wind-assisted propulsion system.

Arctic LNG 2 seeks $1 billion from Hanwha Ocean over terminated LNG carrier orders

Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.

Japan’s MOL merges six ship management companies into one entity

Japanese shipping giant MOL, owner of a large LNG carrier fleet, has merged six of its ship management companies...