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Mitsui O.S.K. Lines, Ltd. (MOL) announced that, through a subsidiary, it has signed time charter contracts for four newbuilding liquefied natural gas (LNG) carriers with NOVATEK Gas & Power Asia Pte. Ltd., a wholly-owned subsidiary of Russia’s PAO NOVATEK. The vessels will be constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME), and are slated for delivery in 2024.

Image Credits: mol.co.jp

The new building LNG carriers are equipped with cutting-edge MAN Energy Solutions engines, which offer major improvements in fuel efficiency. It also adopts 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. These vessels are considerably more environmentally friendly than current LNG carriers.

MOL addresses environmental issues in accordance with the “MOL Group Environmental Vision 2.1”, and as a united team, it continually strives to achieve sustainable GHG net zero emissions, contributing to the realization of a low-carbon society.

Please refer to our previous press releases in relation with NOVATEK projects.

Outline of vessel

Reference: mol.co.jp

MOL Signs Charter Deals For 4 New LNG Carriers To Serve NOVATEK appeared first on Marine Insight – The Maritime Industry Guide

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