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    Japan's MOL signs charter deals for 4 new LNGCs with Novatek

Summary

The LNG vessels will be built by South Korea’s Daewoo Shipbuilding & Marine Engineering Co.

by: Shardul Sharma

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Complimentary, NGW News Alert, Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, News By Country, Japan, Russia

Japan's MOL signs charter deals for 4 new LNGCs with Novatek

Japanese shipowner Mitsui OSK Lines (MOL) said on September 14 it had agreed to charter out four newbuild LNG carriers to Russia's Novatek.

The 174,000-m3 membrane-type vessels will be constructed by South Korea’s Daewoo Shipbuilding & Marine Engineering Co., and are slated for delivery in 2024.

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The LNGCs are equipped with the Man Energy Solutions engines, which offer major improvements in fuel efficiency, MOL said. They also have a new design that generates less boil-off gas from cargo tanks through the use of the re-liquefaction unit on board and a shaft generator system that uses the rotating propeller shaft for power generation.

These vessels are considerably more environmentally friendly than current LNGCs in service, the company added.