MOL enters into LNG newbuild and charter contract

28 Feb 2014
Rendering of a new LNG carrier for MOL, to operate between US and Japan

Rendering of a new LNG carrier for MOL, to operate between US and Japan

Mitsui OSK Lines (MOL) has ordered a new 165,000m3 LNG carrier which will be built by Japan Marine United of Tokyo.

The tanker will be 299.9m length oa, 48.9m beam and 11.5m draught. It will employ a tri-fuel diesel-electric propulsion system. The LNG cargo will be carried in a 165,000m³ self supporting prismatic shape IMO Type B (SPB) cargo tank developed by IHI Corporation and Japan Marine United. The SPB tank is a cargo containment system in which most of the cargo tank is covered by the hull. This tanks is designed with environmental-friendliness in mind, with reduced resistance, to increase fuel efficiency and cut CO2 emissions.

The new ship will be owned 90% by MOL and 10% by Tokyo LNG Tanker, and managed by MOL. On delivery, which is scheduled for 2017, the ship will enter into a 20-year charter with Tokyo LNG Tanker, which is a wholly-owned subsidiary of Tokyo Gas Company. It will operate primarily transporting LNG from the Cove Point LNG Project in the US to Tokyo Gas facilities.

MOL says it is involved in operating nine of 12 LNG carriers owned and managed by Tokyo LNG Tanker, including this newbuilding, and directly manages six of those nine ships.

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