MOL and JERA sign long-term charter deal for newbuilding LNG carrier

MOL president & CEO Takeshi Hashimoto has announced the signing of a long-term charter contract for a newbuilding LNG carrier with a vessel operation management company funded by JERA.

This is the fifth contract, following a time charter contract for four LNG carriers that were signed for JERA.

The vessel will be built at the Geoje Shipyard of Hanwha Ocean Co., and is scheduled for delivery in 2025.

It will be managed by MOL and will transport LNG for JERA.

The new vessel will be equipped with the cutting-edge MAN Energy Solutions engine (ME-GA), which improves fuel consumption efficiency, with specifications that enhance its environment friendliness, compared to conventional LNG carriers.

Through this long-term charter contract, MOL will contribute to the realisation of a stable supply of LNG in partnership with JERA.