Mitsui O.S.K. Lines, Ltd. (MOL) has announced that, through a subsidiary, it has signed time charter contracts for four newbuilding LNG carriers with NOVATEK Gas & Power Asia Pte. Ltd., a wholly owned subsidiary of Russia’s Novatek. The vessels will be constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME), and are slated for delivery in 2024.
According to MOL, the newbuilding LNG carriers will be equipped with the cutting-edge MAN Energy Solutions engines, which offer major improvements in fuel efficiency. They will 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. The vessels will be considerably more environmentally friendly than current LNG carriers, MOL said in a statement.
Recent Posts
Wärtsilä continues to strengthen its market leadership in cargo handling and fuel gas supply systems
INTERCARGO expresses concern over RightShip’s decision to reduce age limit
Maersk orders 12 LNG dual fuel ships
India studying $2 bn plan for greener boats
NYK’s engine facility for testing new marine fuels is up and running
Busan New Port Completes First Hydrogen Refueling Station for Cargo Trucks
IndianOil forms JV with EverEnviro to boost biofuel adoption in India
Matrix Gas is preparing to launch a green steel utilizing hydrogen to replace coal.