Petronas adds three LNG newbuilds with Hyundai charter

Malaysia’s Petronas has signed a time charter deal with Hyundai LNG Shipping (HLS) for three newbuild 174,000 cu m LNG vessels.

HLS has ordered the ships at Hyundai Heavy Industries, with deliveries commencing from the second quarter of 2024. Petronas says the vessels will be amongst the most energy efficient LNG carriers ever built, with shaft generators powered by LNG as well as a number other eco features.

The vessels will primarily be used to lift cargoes from LNG Canada, and the deal grows the Petronas LNG fleet to 27 vessels.

HLS is a spinoff from Hyundai Merchant Marine (HMM) and currently operates a fleet of eight LNG carriers.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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