Shell inks long-term charters for six new LNG carriers


The six new 174,000 cbm LNG carriers destined for long-term charter to Shell will feature dual-fuel X-DF engines. (Image: Shell)The six new 174,000 cbm LNG carriers destined for long-term charter to Shell will feature dual-fuel X-DF engines. (Image: Shell)



Shell has signed long-term charter agreements for six newbuild 174,000cbm LNG carriers. The six vessels will be built at Samsung Heavy Industries and Hyundai Samho Heavy Industries, with the first deliveries scheduled for mid-2023.

Shell has signed separate agreements for two LNG carriers each with affiliates of Knutsen LNG, Korea Line Corporation and ICBC Financial Leasing and institutional investors advised by J.P. Morgan Asset Management.

The state-of-the-art 174,000 cbm LNG carriers will be equipped with efficient dual-fuel X-DF engines, boil-off management plants, Silverstream air lubrication systems and shaft generators for auxiliary power. The design and addition of energy efficiency technologies will give these ships the best emissions performance in their class.

“These ships will deliver a 60% reduction in carbon emissions compared to 2004 steam turbine LNG carriers,” said Grahaeme Henderson, Head of Shell Shipping & Maritime. “Shell’s ambition is to be a net-zero emissions energy business by 2050 or sooner and highly efficient ships like these are one of the ways that we are reducing emissions in our operations. As we work together to develop new zero-carbon fuels at scale, we believe that LNG can play a fundamental role in providing a cleaner supply chain right now for the goods and energy that are shipped around the world every day.”

The ships will be integrated into Shell’s time-chartered trading fleet. Shell announced the long-term charter of eight ships of the same class in December 2019.

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