October 20, 2022 [Reuters] – Japan’s Mitsui OSK Lines (MOL) (9104.T) said on Thursday it had signed a mult-year contract with TotalEnergies Gas & Power Limited, a wholly-owned subsidiary of TotalEnergies (TTEF.PA), to charter a newbuild liquefied natural gas (LNG) carier.

The LNG carrier is now being built by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (042660.KS) and will be delivered in 2025, MOL said in a statement.

At nearly 295 meters in length, the vessel will have a cargo tank capacity of 174,000 cubic meters, and an engine system that reduces methane slip while improving fuel consumption, the statement added.

Reporting by Emily Chow

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