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.

Jan 18 (LNGJ) - Sovcomflot, the Russian shipping line with 31 gas carriers in operation or on order and an overall fleet of 145 vessels, has taken delivery of “SCF Timmerman”, a newbuild LNG carrier with 174,000 cubic metres of capacity and constructed at the South Korean shipyard, Hyundai Samho Heavy Industries. “The ‘SCF Timmerman’ has already embarked in its maiden commercial voyage and will be operated under a long-term time charter agreement with Royal Dutch Shell, which will provide SCF with an additional $165M of contract backlog,” added Sovcomflot.

   The Russian shipping line, which is now listed on the Moscow stock exchange after an initial public offering in October 2020, noted that the LNG newbuild was named after Frans Timmerman, a 17th-century Dutch merchant who served as a shipbuilding mentor to the Russian Tsar Peter the Great and played an important role in creating the Russian seaborne fleet.