JERA Hires LNG Carrier Newbuild from Angelicoussis Group

20 December 2019

Japanese energy trader JERA has entered into a time charter party for an LNG carrier with a ship owning company affiliated with the Angelicoussis Group.

The 12-year charter, inked by JERA’s subsidiary LNG Marine Transport Limited, is set to start between October and December 2021, and the vessel will be utilized principally for the transportation of LNG from LNG projects in Asia and Oceania.

The construction of the 174,000cbm membrane tank vessel is set to start in 2020 at Daewoo Shipbuilding & Marine Engineering Co., Ltd.

DSME is the Greek owner’s favorite shipbuilder, having secured contracts for over 100 ships over the years.

Earlier this month, Maran Gas booked a construction of LNG carrier for the group bringing the ordering tally for LNG carrier newbuilds to seven ships ordered this year alone.

“JERA plans to increase its LNG fleet to 25 vessels by 2025 as its ratio of FOB contracts grows. Going forward, JERA will continue to actively develop and optimize its fuel transportation businesses to achieve a stable, competitive, and flexible fuel portfolio,” JERA said.

The charter was announced just one day before JERA signed a Memorandum of Understanding (MOU) with PetroChina International Company Limited (PCI), a subsidiary of China National Petroleum Corporation, on cooperation in the LNG business.

Under the MOU, JERA and PCI will discuss opportunities to cooperate in LNG bunkering, LNG shipping optimization, joint sale and procurement of LNG and generating new demand for LNG, including overseas LNG value chain investments.“As LNG demand in China increases, the presence of Chinese energy companies in the LNG industry is growing year by year. JERA believes that strengthening its cooperation with PCI, a leading energy company in China, will not only expand business opportunities for both JERA and PCI but also contribute to the healthy development of the LNG industry,” JERA said.

Source: World Maritime News

 

Comments (0)

vinod kumar ยท 6 months ago

test

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Today
8:03am
Hi Jenna! I made a new design, and i wanted to show it to you.
8:03am
It's quite clean and it's inspired from Bulkit.
8:12am
Oh really??! I want to see that.
8:13am
FYI it was done in less than a day.
8:17am
Great to hear it. Just send me the PSD files so i can have a look at it.
8:18am
And if you have a prototype, you can also send me the link to it.

Monday
4:55pm
Hey Jenna, what's up?
4:56pm
Iam coming to LA tomorrow. Interested in having lunch?
5:21pm
Hey mate, it's been a while. Sure I would love to.
5:27pm
Ok. Let's say i pick you up at 12:30 at work, works?
5:43pm
Yup, that works great.
5:44pm
And yeah, don't forget to bring some of my favourite cheese cake.
5:27pm
No worries

Today
2:01pm
Hello Jenna, did you read my proposal?
2:01pm
Didn't hear from you since i sent it.
2:02pm
Hello Milly, Iam really sorry, Iam so busy recently, but i had the time to read it.
2:04pm
And what did you think about it?
2:05pm
Actually it's quite good, there might be some small changes but overall it's great.
2:07pm
I think that i can give it to my boss at this stage.
2:09pm
Crossing fingers then

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