MOL to Charter Four Fuel-Efficient Newbuild LNG Carriers to Novatek

Mike Schuler
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September 14, 2021

Tokyo-based Mitsui O.S.K. Lines has signed time charter agreements for four newbuild LNG carriers with a unit of Russian natural gas produce Novatek.

The vessels will be constructed at Daewoo Shipbuilding & Marine Engineering Co. in South Korea and are slated for delivery in 2024.

MOL said the 174,000 cubic meter capacity ships will be equipped with “cutting-edge” MAN Energy Solutions engines that improve fuel efficiency. The ships will also adopt a new design that generates less boil-off gas from cargo tanks through the use of a re-liquefaction unit on board, as well as a shaft generator system that uses the rotating propeller shaft for power generation. “These vessels are considerably more environmentally friendly than current LNG carriers,” the company said.

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