Shell has agreed to charter a 174,000-m3 newbuild LNG carrier from Knutsen Group – the seventh LNG carrier Shell has chartered from the Norwegian owner
To be built by South Korea’s Hyundai Samho Heavy Industries, the LNG carrier “will be equipped with efficient dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power along with an optimised hull,” according to a social media post by Knutsen.
In August, Shell agreed to long-term charters for six similarly equipped 174,000-m3 newbuild LNG carrriers. The energy major signed separate agreements for two LNG ships each with affiliates of Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing and institutional investors advised by JP Morgan Asset Management.
At the time of signing the charters, Shell Shipping & Maritime head Grahaeme Henderson said, “These ships will deliver a 60% reduction in carbon emissions compared to 2004 steam turbine LNG carriers. Shell’s ambition is to be a net-zero emissions energy business by 2050 or sooner and highly efficient ships like these are one of the ways we are reducing emissions in our operations.”
The newbuild LNG carriers will be integrated into Shell’s time-chartered trading fleet and staggered delivery is expected to take place from mid-2023. Shell announced the long-term charter of eight ships of the same class in December 2019.
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