Greece’s TMS Cardiff Gas has entered a long-term charter agreement with Total Gas & Power for one of its 11 ‘X Carrier Series’ LNG carriers under construction in South Korea, reports Riviera Maritime Media.
What is in the agreement?
Under the deal, the charter will be for a minimum of seven years and was signed with Total’s Meyrin-Geneva branch.
Being built at Samsung Heavy Industries (SHI) in South Korea, the LNG carrier will have a capacity of 174,000 m3 with
- GTT’s Mark III Flex cargo containment system and an efficient two-stroke,
- low-pressure,
- lean-burn technology X-DF main engine from WinGD.
X-DF engines
As demonstrated on test and customer engines, WinGD’s dual-fuel X-DF engines are characterised by
- stable combustion,
- inherently low NOx emissions and
- high overall system efficiencies as well as safe gas operation.
With regard to NOx, WinGD X-DF engines undercut IMO Tier III limits for emission control areas by considerable margins, without any additional measures such as exhaust gas recirculation or selective catalytic reduction, while running on gas.
Portfolio expansion
TMS Cardiff Gas will expand its fleet, adding 11 newbuilds on order at SHI between 2020-2021, with charters to Total, Shell, Vitol and undisclosed customers.
The most recent charter continues the Greek shipowner’s long-term employment strategy on its LNG carriers. TMS Cardiff Gas, part of the TMS Group, is looking to expand its portfolio in 2022-2023.
“This is another long-term deal in this series of sister vessels with efficient X-DF propulsion and sets the stage for the company’s further growth with significant long-term coverage and backlog,” said TMS Cardiff Gas founder Christos Economou.
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Source: Riviera Maritime Media
