K Line takes delivery of first Petronas-chartered mid-sized LNG tanker

Japan’s K Line said it has taken delivery of the first out of two mid-sized LNG tankers it chartered to Malaysia’s Petronas.

China’s Hudong-Zhonghua delivered the 79,960-cbm LNG Lagenda Suria on Thursday, K Line said in a statement.

In March, Lagenda Suria completed its gas trials. Hudong-Zhonghua said last month that it was planning to deliver Lagenda Serenity and its sister vessel Lagenda Suria in May, as the shipbuilder had partially restored operations following Covid shutdown.

K Line said the second vessel would follow next month.

K Line takes delivery of first Petronas-chartered mid-sized LNG tanker
Image: Hudong-Zhonghua Shipbuilding

The Japanese firm chartered both of the 239 meters long ABS-classed ships to Petronas for a period of 12 years.

They will transport LNG under a long-term deal the Malaysian firm signed with China’s Shenergy Group.

The Wuhaogou-Max (W-Max) vessels are optimized for the delivery of LNG cargoes to Shenergy’s Wuhaogou terminal in Shanghai.

K Line also signed a shipbuilding contract with Hudong-Zhonghua for a third medium-sized LNG carrier in October last year. The LNG carrier is a sister vessel to the two ships with some minor modifications.

All of the ships feature WinGD’s dual-fuel X-DF propulsion and GTT’s NO96 L03+ containment system.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

Hanwha Engine completes first X-DF engine with VCR tech

South Korea's Hanwha Engine, a subsidiary of Hanwha, has completed what it claims is the world's first WinGD X-DF engine equipped with VCR (variable compression ratio) technology for LNG carriers.

CoolCo always looking at acquisitions, CFO says

LNG carrier owner CoolCo is always on the lookout for potential acquisitions, according to CFO John Boots.

More News Like This

Malaysia’s Petronas logs lower LNG sales in H1

Malaysian energy giant Petronas reported a decline in its liquefied natural gas (LNG) sales and net profit for the first half of this year compared to the same period last year.

CMA CGM’s LNG-powered giant floated out in China

China’s Hudong-Zhonghua has launched the third in a new series of 24,000-teu LNG dual-fuel containerships for French shipping giant CMA CGM.

Cosco Shipping Development, MOL seal sale and leaseback deal for LNG carrier

Cosco Shipping Development, a unit of Cosco Shipping, has entered into a sale and leaseback agreement with a unit of Japan's MOL for one 271,000-cbm LNG carrier.

MISC: LNG carrier charter rates to remain soft

Malaysia’s LNG shipping player MISC, a unit of Petronas, said on Monday that LNG carrier charter rates are expected to remain soft through 2025, primarily due to continued robust fleet expansion and subdued tonne-mile demand.