MOL enters charter contact for new LNG carrier

MITSUI O.S.K. Lines has signed a long-term charter contract for a newbuild LNG carrier with a vessel operation management company funded by Japanese energy firm Jera.

This is the sixth contract to date, following a time charter contract signed with Jera for five LNG carriers.

The vessel will be built at the Samsung Heavy Industries’ Geoje shipyard in South Korea. It is scheduled for delivery in 2027.

The ship will be managed by MOL and will transport LNG for Jera.

“The new vessel will be equipped with the cutting-edge MAN Energy Solutions engine which improves fuel consumption efficiency, with specifications that enhance its environment friendliness, compared to conventional LNG carriers,” MOL said.

“Through this long-term charter contract, MOL will contribute to the realisation of a stable supply of LNG in partnership with Jera.”