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Posted on 2024, June 6th by Yankı Nagisa Akkuş

MOL and TotalEnergies Sign Time Charter Contracts for 2 Newbuilding LPG-fueled LPG Carriers

Mitsui O.S.K. Lines, Ltd announced on 16th of May that through its group company MOL Energia Pte. Ltd., it signed a time charter contract for two liquefied petroleum gas (LPG) dual-fuel very large gas carriers (VLGCs) with a subsidiary of TotalEnergies, CSSA Chartering and Shipping Services SA (CSSA). The vessels will be built by Hyundai Samho Heavy Industries Co., Ltd. in South Korea and are scheduled for delivery in 2026.

The dual-fuel vessel can run on either LPG or conventional heavy oil, and when LPG is used as fuel, CO2 emissions can be reduced by about 20% and sulfur oxides (SOx,) particulate matter (PM), and so on by about 90% compared to heavy oil. In addition, the specifications allow for the transport of ammonia as well as LPG. Ammonia, which emits no carbon dioxide during combustion, is expected to increase in demand in the future as a next-generation clean energy source.

MOL has built a strong relationship with TotalEnergies in many fields, including the transport of marine fuel oil and long-term charter contracts for LNG carriers and LNG bunkering vessels. It will build an even stronger partnership with TotalEnergies through the conclusion of this charter contract.

MOL aims to reduce GHG emissions and decarbonize society with its eco-friendly fleet.

Outline of the Vessel

LOA 230 m
Breadth 32.25m
Cargo tank capacity 88,000m3
Scheduled delivery 2026
Shipyard Hyundai Samho Heavy Industries Co., Ltd.