Total and MOL in charter deal for large LNG bunker vessel

A unit of French energy giant Total and Japan’s Mitsui O.S.K. Lines (MOL) have signed a long-term charter contract for a large liquefied natural gas (LNG) bunker vessel.

The vessel that will have a capacity of 18,600 cbm is scheduled for delivery in 2020.

It will operate in Northern Europe and will be the “first ever capable of supplying large quantities of LNG in one single bunkering operation,” the duo said in a joint statement.

With this vessel, Total Marine Fuels Global Solutions intends to serve the emerging marine LNG market for the container ships segment, including those sailing on the Europe-Asia trade.

The vessel will be used in particular to supply CMA CGM’s new build LNG mega container ships, following the 10 years contract of 300 kt per annum signed with TMFGS in December 2017, the statement said.

The bunker vessel will be built by Hudong-Zhonghua Shipbuilding in China and fitted with the Mark III membrane containment system provided by the French company GTT.

Highly manoeuvrable by design, with a length of about 135 meters, she will be able to operate safely in the considered harbours and terminals, the statement said.

The vessel “will meet the highest environmental standards through the use of LNG as fuel and a complete reliquefaction of the boil-off gas,” it said.

The newbuild vessel will be managed by MOL (Europe Africa) Ltd, a UK subsidiary of MOL.

The two companies hailed this deal as a significant milestone in the cooperation between them, with developments in both conventional fuels and LNG ahead of 2020 IMO sulphur regulations.

The duo has also signed a memorandum of understanding to combine their expertise in the development of marine LNG infrastructures and serve MOL future LNG needs.

“We are very proud to partner with MOL for our first LNG bunker vessel. Their track record in LNG shipping already includes major achievements with Total. Combined with our strong historical activity in the bunker industry and our global footprint in LNG, this pioneer agreement offers a major contribution to the development of LNG as a marine fuel and illustrates Total’s strong commitment towards the use of this new fuel,” said Olivier Jouny, managing director of TMFGS.

Share this article

Follow LNG World News

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

4th Annual Upstream West Africa Summit 2018

In June 2018, Senegal will play host to the No.1 Annual B2B Upstream Oil & Gas event, which will bring together the senior decision makers from across the prolific West Africa region to discuss the trends and challenges currently facing the Oil and Gas industry.

Since the discovery by Tullow Oil in 2007 of the Jubilee Field in Ghana, the Upstream sector has refocused its efforts to explore similar plays around the entire West and North West African coast. These efforts were rewarded with Cairn Energy’s prolific discovery in 2014 followed by Kosmos’ in 2015. The West Africa region has the industry’s spotlight firmly focused on further unlocking the potential of this largely underexplored region.

Companies that will be looking toward further unlocking the deepwater hydrocarbon potential of West Africa include: PETROSEN, BP, Kosmos Energy, Cairn Energy, FAR, Total E&P, Premier Oil, Shell, Tullow Oil along with the Ministries and key solution providers.

 More info

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >