LNG

July 14 (LNGJ) - Shell Tankers (Singapore) has signed agreements for a further six LNG ships with Knutsen LNG, Pan Ocean Co. and investors advised by JP Morgan Asset Management, taking the Anglo-Dutch major’s signed charter agreements for newbuild LNG carrier to a total of 24 vessels. The 174,000 cubic metres capacity carriers will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries.

   Deliveries will be made from 2023. Shell said this order builds on the long-term charters Shell announced for eight ships of the same class in December 2019, six in August 2020 and four in December 2020. “These ships will be some 35 percent more efficient than required by the energy efficiency design index and 20 percent more than required by the annual efficiency ratio, delivering significant emission reductions for our time-charter fleet,” said Grahaeme Henderson, Global Head of Shell Shipping & Maritime.

Royal Dutch Shell’s head of shipping has told a conference in Singapore that LNG was the lowest emission maritime fuel available at scale in the shipping sector today and is the ideal solution for the years ahead.

Royal Dutch Shell said it signed agreements to charter 10 new crude oil tankers powered by dual-fuel liquefied natural gas engines and under construction in South Korea.

Russian shipping line Sovcomflot said Royal Dutch Shell conducted a ship-to-ship LNG bunkering operation in the Dutch port of Rotterdam for the “Gagarin Prospect”, the world’s first LNG-powered Aframax tanker.