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    Shell orders more LNG tankers

Summary

The tankers exceed the minimum efficiency standards.

by: William Powell

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Complimentary, Natural Gas & LNG News, Liquefied Natural Gas (LNG), Corporate, Contracts and tenders

Shell orders more LNG tankers

Anglo-Dutch trader Shell has signed agreements for a further six, 174,000-m³ LNG tankers with Knutsen LNG, Pan Ocean and investors advised by JP Morgan Asset Management, it said July 14. They will be built by Korean Hyundai Heavy Industries and Hyundai Samho Heavy Industries and bring the total to 24.

“These ships will be some 35% more efficient than required by the energy efficiency design index and 20% more than required by the annual efficiency ratio (AER), delivering significant emission reductions for our time charter fleet,” said Shell's head of shipping Grahaeme Henderson. 

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Each ship’s performance will be optimised by analysing real time data to enable further efficiencies and emission reductions. The ships will all incorporate MEG4-compliant moorings and be equipped with efficient dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power, along with optimised hull and design speed.

Delivery will take place from 2023. This order builds on the long term charters Shell announced for eight ships of the same class in December 2019, six in August 2020, and four in December 2020