ShippingWatch

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

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs