Mitsui OSK Lines (MOL) has signed a long-term agreement with Ineos Energy Trading, a wholly owned subsidiary of London-based Ineos Group for the charter of two newbuild LNG Carriers, to be built at the Okpo Shipyard of Hanwha Ocean in South Korea for 2027 delivery.
The ships will be equipped with MAN Energy Solutions ME-GA engines as well as air lubrication systems to reduce drag on the ships’ hulls from seawater and shaft generators to increase the overall operational efficiencies of the sister vessels. The vessels will have a cargo capacity of 174,000m3 each in membrane type tanks and will be suitable for operations globally, between the world’s major LNG terminals, at the highest level of efficiency and environmental consideration.
Being the charterer of the largest global fleet of ethane carriers, Ineos has major long-term experience in the transportation of gas from the US to Europe and Asia. Ineos has now expanded the breadth of its experience in gas by engaging in LNG and developing business relationships with large and experienced industry participants. MOL is delighted to be a part of Ineos’ journey and to help facilitate their embarkment into the LNG industry with these two newbuild LNG Carriers. MOL looks forward to working on and expanding this relationship in the future, both during the period of the charters and beyond, with alignment across a number of key business areas championing the development of further mutually beneficial business engagements.
