Shell to Charter Six Newbuild LNG Carriers

Tuesday, August 4, 2020

Oil and gas giant Shell has signed long-term charters for six newbuild liquefied natural gas (LNG) 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 174,000 cbm LNG ships will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries. 

They will all be equipped with 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," Shell said.

“These ships will deliver a 60% reduction in carbon emissions compared to 2004 steam turbine LNG carriers,” said Grahaeme Henderson, Head of Shell Shipping & Maritime. “Shell’s ambition is to be a net-zero emissions energy business by 2050 or sooner and highly efficient ships like these are one of the ways that we are reducing emissions in our operations. 

"As we work together to develop new zero-carbon fuels at scale, we believe that LNG can play a fundamental role in providing a cleaner supply chain right now for the goods and energy that are shipped around the world every day,” Henderson said.

The ships will be integrated into Shell’s time-chartered trading fleet and 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.

Categories: Shipbuilding LNG Asia LNG Carriers

Related Stories

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

MDL Secures Cable Laying Job in Asia Pacific

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

China Starts Production at Major Oil Field in Bohai Sea

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Woodside Agrees Long-Term LNG Supply with Petronas Unit

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com