TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL) 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)

MOL and JERA Signs Long-Term Charter Deal for Newbuilding LNG Carrier

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.

Outline of the vessel:

  • Main dimensions: LOA: 294.9m; Breadth: 46.4m
  • Tank type: 174,000m3 membrane
  • Main engine: ME-GA
  • Shipyard: Hanwha Ocean
  • Scheduled delivery: 2025