Malaysia’s top shipping line, MISC, has inked a long-term time charter contract with ExxonMobil subsidiary SeaRiver Maritime, for two newbuild liquefied natural gas (LNG) carriers.
The 174,000 cu m units will be built in South Korea and chartered for a firm period of 10 years for operations in international waters after delivery in 2026. They will be equipped with ecoefficient technologies such as X-DF 2.1 engines with intelligent control by exhaust recycling (iCER) system and air lubrication system.
Singapore’s Eaglestar Shipmanagement Gas will be appointed to provide project management services during the shipbuilding phase and to take charge of the operationalisation and shipmanagement of the vessels when they are delivered.
The agreement brings the total number of contracts with SeaRiver to four LNG carriers. In 2019, MISC also secured a 15-year time charter contract for two ships currently under construction in South Korea and slated for delivery in the first quarter of 2023.
Tags: iCER, LNG, Maritime, MISC, SeaRiver
Recent Posts
NTPC inks pact to set up green hydrogen infra in Odisha
India poised to become major SAF producer
Swan Energy, AG&P to form JV for LNG ops, storage unit
Hydrogen-hybrid research vessel causes 75% less emissions
Sailing towards sustainability: Navigating maritime risks through ESG norms
NTPC Green Energy to participate in SIGHT scheme to supply green ammonia
Oil India signs MoU with HP Govt. to support alternative energy projects
Avaada Group commits $12bn to transform Rajasthan into renewable energy hub