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Shell Tankers Signs Charter Contracts for six newbuild LNG carriers

Logistic News - Published on Wed, 12 Aug 2020

Image Source: Shell Tankers
Shell Tankers (Singapore) Private Limited has agreed long-term charter contracts for six newbuild liquefied natural gas carriers. Shell has signed separate agreements for two LNG ships each with affiliates of Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing and institutional investors advised by J.P. Morgan Asset Management. The state-of-the-art 174,000 cbm LNG ships will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries. They will all be equipped with efficient dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power. The design and addition of energy efficiency technologies will give these ships the best emissions performance in their class.

The ships will be integrated into Shell’s time-chartered trading fleet and staggered delivery is expected to take place from mid-2023. Shell announced the long-term charter of eight ships of the same class in December 2019.

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Posted By : Yogender Pancholi on Wed, 12 Aug 2020
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