MOL Inks Sixth LNG Charter With JERA

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Credits: Alvarez/Unsplash

Japanese shipowner Mitsui OSK Lines (MOL) has sealed another long-term charter deal with compatriot power generation major JERA for a newbuild LNG carrier.

The 174,000-cu m vessel will be built at South Korea’s Samsung Heavy Industries, for delivery in 2027 and managed by MOL.

This is the sixth contract, following a time charter agreement for five LNG carriers that were signed with JERA.

Financial terms and charter duration have not been disclosed.

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Source: MOL