Total, Mitsui OSK sign long-term LNG bunker vessel contract

Total, Mitsui OSK sign long-term LNG bunker vessel contract

9:52 AM, 7th February 2018
Total, Mitsui OSK sign long-term LNG bunker vessel contract
Total Marine Fuels Global Solutions and Mitsui OSK Lines signing ceremony.

TOKYO, JAPAN/ /PARIS, FRANCE: Total Marine Fuels Global Solutions (TMFGS) and Mitsui OSK Lines Ltd (MOL) have signed a long-term charter contract for a large liquefied natural gas (LNG) bunker vessel of 18,600 m, to be delivered in 2020.

The bunker will operate in Northern Europe and will be the first ever capable of supplying large quantities of LNG in one single bunkering operation.

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

This bunker vessel will be built by Hudong-Zhonghua Shipbuilding in China and fitted with the Mark III membrane containment system provided by the French company GTT. Highly manoeuvrable by design, with a length of about 135 meters, she will be able to operate safely in the considered harbours and terminals. She will meet the highest environmental standards through the use of LNG as fuel and a complete reliquefication of the boil-off gas.

The newbuild vessel will be managed by MOL (Europe Africa) Ltd, a UK subsidiary of MOL.

This agreement is a significant milestone in the cooperation between MOL and Total Marine Fuels Global Solutions, with developments in both conventional fuels and LNG ahead of 2020 IMO sulphur regulations. Beyond their historical commercial relationship, the two companies have also signed a memorandum of understanding (MoU) to combine their expertise in the development of marine LNG infrastructures and serve MOL future LNG needs.

“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 pioneering 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,” said Olivier Jouny, managing director of TMFGS.

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,” added Takeshi Hashimoto, MOL senior managing executive officer, Energy Transport business unit.

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