INEOS enters LNG service market with two newbuild charters

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Revealed by Theodore Reed-Martin,
Editorial Assistant




LNG Business,






INEOS Power Buying and selling has entered the LNG service market after signing agreements with Mitsui OSK Strains (MOL) involving the chartering of two newbuilds. Each vessels could have a capability of 174 000 m3 and can be constructed on the Okpo shipyards in South Korea. The vessels are for use for the import of American LNG to Germany.

INEOS enters LNG carrier market with two newbuild charters

They’re being constructed on the Okpo Shipyard in South Korea and can be geared up with the newest MAN Power Options engines (ME-GA). The addition of air lubrication expertise and shaft mills means the vessels are anticipated to be extremely environment friendly.

“It was extraordinarily essential that we chosen fashionable, environment friendly vessels with environmental concerns embedded within the design. We agreed an engine sort and vessel specification with MOL that we consider is perfect for lowering carbon emissions and methane slip. We are going to proceed to work with MOL to determine additional alternatives to scale back emissions as each firms work in direction of a web zero future,” stated David Bucknall, CEO of Ineos Power Buying and selling.

Learn the article on-line at: https://www.lngindustry.com/lng-shipping/30062023/ineos-enters-lng-carrier-market-with-two-newbuild-charters/


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