TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced the signing of a long-term charter contract for a newbuilding LNG carrier with a vessel operation management company funded by JERA Co., Inc. (JERA), says an article published on their website.
About the contract
This is the fifth contract, following a time charter contract for four LNG carriers that were signed for JERA. The vessel will be built at the Geoje Shipyard of Hanwha Ocean Co., Ltd. (Headquarters: South Korea), and is scheduled for delivery in 2025. It 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 (ME-GA), which improves fuel consumption efficiency, with specifications that enhance its environment friendliness, compared to conventional LNG carriers.
Through this long-term charter contract, MOL will contribute to the realization of a stable supply of LNG in partnership with JERA.
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Source: MOL
