MOL Orders LNG-Fueled VLCC Under Long-Term Charter with Idemitsu Tanker

Tokyo, May 26, 2025 — Mitsui O.S.K. Lines, Ltd. (MOL) has confirmed an order for a new LNG-fueled Very Large Crude Carrier (VLCC), which will operate under a long-term time charter agreement with Idemitsu Tanker Co., Ltd. The vessel, expected to be delivered in 2027, will be the first LNG dual-fuel VLCC chartered to a

IGU publishes World LNG Report 2024

The International Gas Union (IGU) published its 15th edition of the IGU World LNG report, providing a comprehensive review of the global LNG industry and markets after the most turbulent year in its history. Despite lower price, the growing global LNG market stays tight amid supply constraints, according to the 2024 IGU World LNG Report.

Wärtsilä Technical Management Agreement with China LNG Shipping vessel

Technology group Wärtsilä has signed a Technical Management Agreement with China LNG Shipping (International) Company Ltd. (CLSICO). The 15-year agreement will ensure operational reliability and provide maintenance planning flexibility for the ‘Dapeng Princess’, the world’s largest shallow draft LNG carrier. The agreement took effect from and was booked as order intake by Wärtsilä in July