Mitsui OSK signs charter deal for LNG carrier with TotalEnergies unit

The logo of Mitsui O.S.K. Lines is seen at the company's headquarters in Tokyo
The logo of Mitsui O.S.K. Lines is seen at the company's headquarters in Tokyo, Japan September 11, 2020. REUTERS/Kim Kyung-Hoon/File Photo

SINGAPORE, Oct 20 (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) carrier.

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.

(This story has been refiled to fix typographical error in paragraph 1)

Reporting by Emily Chow; Editing by Jacqueline Wong

Our Standards: The Thomson Reuters Trust Principles.

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