Total Marine Fuels Global Solutions (TMFGS) and Mitsui O.S.K. Lines, Ltd. (MOL) have announced a liquefied natural gas (LNG) vessel deal.
The agreement sees Total and Mitsui sign a long-term charter contract for a large LNG bunker vessel measuring 18,600 cubic meters.
The vessel is due to be delivered in 2020.
The ship is part of a wider 10 year deal which will see it operate within Northern Europe, supplying those sailing to take part in Europe-Asia LNG trade.
Olivier Jouny, Managing Director of TMFGS, commented on the decision: “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.
The vessel will be built by Hudong-Zhonghua Shipbuilding in China and managed by MOL Europe.
Takeshi Hashimoto, MOL Senior Managing Executive Officer, Energy Transport Business Unit, said: “We are delighted to be selected as a partner of Total Marine Fuels Global Solutions for their first LNG bunker vessel.
“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.”