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Knutsen, JP Morgan and Korea Line order dual-fuel LNG carriers for Shell charters

Photo of Jason Jiang Jason JiangJanuary 8, 2020
734 Less than a minute

International energy giant Shell has selected three owners for the long-term charter of a total of eight dual-fuel 174,000 cu m LNG carriers.

According to the latest Allied Shipbroking report, Knutsen OAS Shipping has ordered four LNG carriers at Hyundai Heavy Industries while JP Morgan Global Maritime and Korea Line have each ordered two vessels at the same yard. The price for each vessel is $187.5m.

All the vessels will be chartered to Shell for seven years upon delivery in 2022.

The order also marks JP Morgan Global Maritime’s entry into the LNG carrier market.

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Photo of Jason Jiang Jason JiangJanuary 8, 2020
734 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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