Malaysia's MISC and consortium partners - Nippon Yusen Kabushiki Kaisha and Kawasaki Kisen Kaisha (K-Line) of Japan and China LNG Shipping - have been awarded long-term time charter contracts for liquefied natural gas carriers by QatarEnergy.
The seven newbuild LNG carriers will be constructed by Hyundai Heavy Industries at Ulsan, South Korea. Once delivered in 2025, the vessels will serve QatarEnergy in the transportation of LNG to various countries around the world.
These LNG carriers will be equipped with eco-efficient technologies such as X-DF 2.1 engines with intelligent control by exhaust recycling system and air lubrication system, which will contribute to the reduction of greenhouse gas emissions.
Financial details of the consortium and Hyundai’s contracts were not divulged.
MISC chief executive Yee Yang Chien said: “MISC is proud to be part of this multinational collaboration, combining together our decades of experience, knowledge and expertise in the safe, efficient and reliable transportation of LNG to support QatarEnergy’s aspirations.
“We remain committed towards promoting a sustainable future for the LNG industry and we believe that strategic partnerships and collaboration remain the key to achieving and maintaining the industry’s growth and success in the long term as we continue to serve the energy-related needs of our customers all over the world.”
MISC is currently one of the largest single owner-operators of LNG tankers in the world. Its current fleet comprises 30 LNG carriers, six very large ethane carriers and two LNG floating storage units with a combined deadweight tonnage capacity of more than 2 million tonnes.