MOL today has announced that they has signed a long-term charter deal with JERA energy company for a newbuilding LNG carrier. The newbuild vessel, a 174,000 cbm membrane type, will be built at South Korea’s Geoje Shipyard of Hanwha Ocean and is scheduled for delivery in 2025. 

The deal between the two Japanese companies follows an earlier time charter contract for four LNG carriers that were signed for JERA. 

According to MOL, the newbuild ship will be managed by the Japanese shipping giant and will transport LNG for JERA.

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.

MOL positions the expansion of its LNG fleet, including this project, as an accumulation of stable profit-earning businesses in its business portfolio transformation, as defined in its BLUE ACTION 2035 management plan. 

It’s worth mentioning that JERA is an energy company that leads Japan in power generation capacity and ranks among the highest in the world in fuel transaction volume.