Japan: Total & MOL Long-Term LNG Bunker Vessel Contract

Japan: Total & MOL Long-Term LNG Bunker Vessel Contract

The agreement is to deliver a large LNG bunker vessel of 18,600 m³

A long-term charter contract has been entered into between Total Marine Fuels Global Solutions (TMFGS) and Mitsui O.S.K. Lines, Ltd. (MOL) for a large LNG bunker vessel of 18,600 m³, scheduled for delivery in 2020. The first ever capable of supplying large quantities of LNG in one single bunkering operation, the vessel will operate in Northern Europe.

TMFGS, with this vessel, plans to serve the emerging marine LNG market for the container ships segment, including those sailing on the Europe-Asia trade. Following the 10 years contract of 300 kt per annum signed with TMFGS in December 2017, the vessel will be used in particular to supply CMA CGM’s new build LNG mega container ships.

With developments in both conventional fuels and LNG ahead of 2020 IMO sulphur regulations, the collaboration is a significant milestone in the cooperation between MOL and Total Marine Fuels Global Solutions. The two companies, beyond their historical commercial relationship have agreed to combine their expertise in the development of marine LNG infrastructures and serve MOL future LNG needs, by signing a Memorandum of Understanding.

“We are delighted to be selected as a partner of Total Marine Fuels Global Solutions for their first LNG bunker vessel,” said Takeshi Hashimoto, MOL Senior Managing Executive Officer, Energy Transport Business Unit. “This is a key milestone for MOL and also a stepping stone to further enhancement of the two companies’ relationship of not only in conventional fuels but also LNG as a marine fuel. We are confident that our joint technical and operational expertise will contribute positively to this new business development.”

Olivier Jouny, Managing Director of TMFGS, said “We are very proud to partner with MOL for our first LNG bunker vessel. Their track record in LNG shipping already includes major achievements with Total. Combined with our strong historical activity in the bunker industry and our global footprint in LNG, this pioneer agreement offers a major contribution to the development of LNG as a marine fuel and illustrates Total’s strong commitment towards the use of this new fuel.” PWKD08022018

Last modified onWednesday, 07 February 2018 08:34
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