MOL inks US$1.18Bn deal with Hudong Zhonghua for new LNGCs

The builder said, “MOL’s newbuildings will be fitted with GTT’s recently developed new cargo containment system NO96 Super+ that offers a boil-off rate of 0.085% as compared with the previous boil-off rate of 1%.”

The 299-m long ships also feature higher cargo hold loading rates and with loading capacity increased by an additional 800 m³. Each ship is equipped with a reliquefication system with a capacity of 2 tonnes per hour, which can be adapted to different requirements of boil-off gas on different routes.

MOL is due to take delivery of the ships between 2024 and 2026 and they will go on long-term charter to CNOOC Gas & Power Group upon delivery. In December 2021, CNOOC signed two deals with US producer Venture Global LNG to buy 2 mta of LNG from the Plaquemines project and 1.5 mta from its under-construction Calcasieu Pass LNG facility.

Hudong-Zhonghua, a CSSC subsidiary, has previously built LNG carriers for MOL that operate on the Yamal LNG project. In the first week of 2022, Hudong-Zhonghua has received seven orders for LNG carriers and has 23 LNG carriers on its orderbook, with nine under construction.

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