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MOL, Kansai Electric Power Sign Deals to Build, Charter 2 LNG Carriers

TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced the signing of a long-term contract for two new liquefied natural gas (LNG) carriers with Kansai Electric Power Inc. (President: Makoto Yagi).

 
PRLog - Jun. 29, 2012 - TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced the signing of a long-term contract for two new liquefied natural gas (LNG) carriers with Kansai Electric Power Inc. (President: Makoto Yagi). At the same time, MOL concluded contracts to build the ships Kawasaki Heavy Industries, Ltd. (President: Satoshi Hasegawa) and Mitsubishi Heavy Industries, Ltd. (President: Hideaki Omiya).

The ships are slated for launching in 2016 and 2017. MOL will manage and operate the vessels, with which transport LNG for Kansai Electric Power.

The first vessel is a Moss-type carrier with a 164,700m3 cargo tank capacity, based on a new design from Kawasaki Heavy Industries. It will be the largest ship in its class that can pass through the expanded Panama Canal which is scheduled for completion in 2014, while maintaining a hull size allowing it to call at major LNG terminals around the world.

The second vessel has a 155,300m3-class cargo tank capacity, and is one of the Sayaendo series carriers developed by Mitsubishi Heavy Industries, featuring a continuous cover over its four Moss-type spherical tanks. The peapod-shaped continuous cover is integrated with the ship’s hull, achieving weight reduction while maintaining overall hull rigidity. This will increase fuel efficiency.

Both vessels adopt a new steam turbine engine that reuses steam for heating. This will also reduce fuel consumption. They also feature an advanced heat insulation system that offers the lowest LNG vaporization rate – 0.08% – of any LNG carrier in the world. Its environment-friendly, economically-advanced design also effectively controls surplus boil-off gas.

“Offering transport solutions with a lower environmental burden” is one of the key environmental strategies in MOL’s midterm management plan “GEAR UP! MOL”. The company uses its decades of experience and know-how as the world’s leading LNG carrier owner and management company and works aggressively to provide reliable LNG transport services tailored to customer needs.

[Outlines of newbuilding LNG carriers]

(1) Length: About 293.0 m
(2) Breath: 48.90 m
(3) Draft: 11.92 m
(4) LNG tank: Stretched Moss-type independent spherical type
(5) Cargo tank capacity: 164,700 m3
(6) Capacity: about 79,100 MT
(7) Main engine: Reheat steam turbine system
(8) Speed: 19.5 knots
(9) Shipyard: Kawasaki Heavy Industries, Ltd.
(10) Ship management company: Mitsui O.S.K. Lines, Ltd.
(11) Launch year: 2016
(12) Ship name: TBD


(1) Length: About 288.0 m
(2) Breath: 48.94 m
(3) Draft: 11.55 m
(4) LNG tank: Stretched Moss-type independent spherical type
(5) Cargo tank capacity: 155,300 m3
(6) Capacity: about 75,000 MT
(7) Main engine: Reheat steam turbine system
(8) Speed: 19.5 knots
(9) Shipyard: Mitsubishi Heavy Industries, Ltd.
(10) Ship management company: Mitsui O.S.K. Lines, Ltd.
(11) Launch year: 2017
(12) Ship name: TBD

For further information, please contact:

Kenta Matsuzaka, General Manager
LNG Group A, LNG Carrier Division,
Mitsui O.S.K. Lines, Ltd.
Tel:+81-3-3587-7126 Fax:+81-3-3587-7748
E-mail: lgamo@molgroup.com

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Source:MOL & Kansai Electric Power
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Zip:EC2A 4HJ
Location:London, Greater - United Kingdom
Industry:Energy, Transportation
Tags:New cpntract, natural gas, Japan industry, Japanese business, mol
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