Shell Signs Charter Agreements Bringing Newbuild LNG Carrier Total To 24

Shell Tankers (Singapore) Private Limited (“Shell”) has signed agreements for a further six LNG ships with Knutsen LNG, Pan Ocean Co., Ltd., and investors advised by J.P. Morgan Asset Management. The 174,000 cbm LNG ships will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries.

“These ships will be some 35% more efficient than required by the energy efficiency design index (EEDI) and 20% more than required by the annual efficiency ratio (AER), delivering significant emission reductions for our time charter fleet,” said Grahaeme Henderson, Global Head of Shell Shipping & Maritime.

“Working with partners across shipping sectors is key to achieving our ambition to help accelerate the industry’s progress towards net-zero emissions. We will continue to work with shipbuilders, equipment manufacturers and owners to look for opportunities to incorporate new emission reduction technologies as they become available.”

methane patricia camila
Representation Image – Credits: Shell

As part of Shell’s time-charter fleet, each ship’s performance will be optimised by analysing real time data from the ships and deploying Shell’s proprietary draft and trim optimisation software, JAWS, to enable further efficiencies and emission reductions. As with the other ships of this class ordered by Shell, they will incorporate the very latest industry safety practices, including MEG4-compliant moorings. They will all be equipped with efficient dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power, along with optimised hull and design speed.

Delivery will take place from 2023. This order builds on the long term charters Shell announced for eight ships of the same class in December 2019, six in August 2020, and four in December 2020.

Reference: shell.com

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

Latest Shipping News You Would Like:

Get the Latest Maritime News Delivered to Your Inbox!

Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.

Leave a Reply

Your email address will not be published. Required fields are marked *