Sunday 18th Nov, 2018

MOL and Total sign LNG bunker barge charter contract

Photo: MOL
Photo: MOL

MOL and French oil supermajor Total have signed a long-term charter contract for a large LNG bunker, to operate in northern Europe after delivery in 2020.

The vessel, to be managed by MOL, will be capable of supplying large quantities of LNG in a single bunkering operation.

Total’s marine fuel subsidiary, Total Marine Fuels Global Solutions, aims to use the vessel to supply the emerging marine LNG market – in particular CMA CGM’s nine new 22,000-TEU containerships, due for delivery starting in 2020.

CMA CGM and TMFGS signed a deal in December for the supply of around 300,000 tonnes of LNG per year for 10 years.

TMFGS managing director Olivier Jouny said MOL’s track record in LNG shipping already included 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,” he said.

MOL senior managing executive officer, energy transport business unit, Takeshi Hashimoto said the charter contract was a key milestone for MOL and also a stepping stone to further enhancement of the two companies’ relationship in conventional fuels and LNG.

“We are confident that our joint technical and operational expertise will contribute positively to this new business development,” he said.

Hudong-Zhonghua Shipbuilding in China is to build the new bunker vessel, which will be fitted with a membrane containment system from French company GTT.

The vessel will be about 135 metres in length and will be able to operate safely inside harbours and terminals.

It will meet high environmental standards through the use of LNG as fuel and a complete re-liquefaction of the boil-off gas.

According to LNG advocacy group SEA\LNG, LNG emits no SOX and virtually no particulate matter.

And, compared with conventional bunkers, LNG can emit up to 90% fewer NOX emissions.

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