Japanese shipping conglomerate Mitsui O.S.K. Lines, Ltd. (MOL) have signed a long-term charter contract for a newbuild LNG carrier with a vessel operation management company funded by Tokyo based JERA Co., Inc. (JERA).

This is the sixth contract between the two companies, following a time charter contract for five LNG carriers that were signed for JERA, as reported by Shipping Telegraph on 14th of June.

The vessel now fixed is a 174,000 m3 membrane type and it will be built at the Geoje Shipyard of Samsung Heavy Industries Co., LTD in South Korea, with delivery scheduled in 2027, in accordance with MOL.

The vessel will be equipped with the cutting-edge MAN Energy Solutions engine (ME-GA), which improves fuel consumption efficiency, with specifications that enhance its environment friendliness, compared to conventional LNG carriers.

Through this long-term charter contract, MOL will contribute to the realization of a stable supply of LNG in partnership with JERA.