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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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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.

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.