MOL orders another LNG tanker for Cove Point route

DECEMBER 1, 2014 — Japan's Mitsui O.S.K. Lines, Ltd. has concluded a basic agreement on joint ownership and 20-year charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker Co., Ltd. and has signed a shipbuilding contract for the new vessel with Japan Marine United Corporation.

This is the second vessel MOL will manage under this type of arrangement (see earlier story) and, like the first, will transport LNG from the Cove Point LNG Project in the United States to Tokyo Gas facilities. Delivery is planned for 2017.

MOL is involved in operating ten of 13 LNG carriers owned and managed by Tokyo LNG Tanker, including this newbuilding vessel, and directly manages seven of those ten ships.

The new LNG carrier will have a cargo capacity of 165,000 cu.m and features the self-supporting prismatic shape IMO Type B (SPB) cargo tank, which was developed by IHI Corporation and Japan Marine United. The SPB tank is a cargo containment system in which most of the cargo tank is covered by the hull.

  • Length : About 299.9 m
  • Breadth : 48.9 m
  • Draft : 11.5m
  • LNG tank : Self Supporting Prismatic shape IMO Type B (SPB) cargo tank
  • Cargo capacity : 165,000 cu.m
  • Main engine : Tri-Fuel diesel electric propulsion system
  • Speed : 19.5 knots
  • Shipyard : Japan Marine United Co., Ltd.
  • Ship management company : Mitsui O.S.K. Lines, Ltd.
  • Ownership : Mitsui O.S.K. Lines, Ltd. 90%, Tokyo LNG Tanker Co., Ltd. 10%

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