Shell charters ten new LNG-fueled supertankers

Oil giant Shell signs contracts for ten new supertankers powered by LNG. The ships are being built in South Korea, and are expected to hit the water in 2022.

Photo: Ian Forsyth / Shell

Shell charters ten new dual-fueled, LNG-driven supertankers on long-term contracts.

The oil major estimates that the first of ten ships, all built by Daewoo Shipbuilding & Marine Engineering in South Korea, will hit the water in 2022, writes Shell in a statement Thursday.

The vessels are chartered on seven-year contracts. According to Shell, the new orders will "bring the total global fleet of dual-fueled LNG vessels up to 475, which is an important step towards the expected doubling of the number of LNG-powered ships by 2023."

Dual-fuel engines can run on both liquefied natural gas, LNG, and traditional heavy fuel oil.

"Today and in the immediate future, LNG is our best choice for newbuilds to ensure that we don't add high-emission ships to the global fleet while working hard to develop emission-free fuels," says Grahaeme Henderson, Global Head of Shell Shipping & Maritime, in the announcement.

English Edit: L. N. Barnes

DFDS, Klaveness and Trafigura want EU to bet on ammonia and hydrogen

Idan Ofer's Eastern Pacific Shipping plans to use natural gas to make its fleet green

Five percent of marine fuels should be green by 2030 

More from ShippingWatch

Hapag-Lloyd upgrades its full-year forecast

Hapag-Lloyd upgrades its full-year forecast for 2021, as the container carrier's operating result increased by close to USD 3 billion in the first half of the year, according to preliminary figures released Friday.

Port congestion and sky-rocketing freight rates hit Barbie

The explosion in freight rates and historic shortage of capacity have a notable impact on global toy companies Mattel and Hasbro, the manufacturers of Barbie and Peppa Pig. Price increases and new production set-ups are among the responses.

Further reading

Related articles

Trial banner

Latest news

See all jobs