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.

Five South Korean shipping lines are making a pitch to Qatar to be the operators of the 60 new LNG carriers the Gulf state has said it needs to transport cargoes worldwide from the North Field gas expansion and construction of four new liquefaction Trains at Ras Laffan.