TMS Cardiff Gas has sealed a seven-year time charter contract for one of its 11 LNG carrier newbuildings with Total Gas & Power.
The 174,000 cu m vessel with XDF propulsion is currently under construction at South Korea’s Samsung Heavy Industries (SHI) and scheduled for delivery in 2020.
Christos Economou, Founder of TMS Cardiff Gas, commented: “We are grateful for the repeat business that Total Gas & Power Limited, one of the leading global energy companies, continues to show our Company and we look forward to providing first class LNG shipping services. This is another long term deal in this series of sister vessels with efficient Xdf propulsion and sets the stage for the company’s further growth with significant long term coverage and backlog”.
TMS Cardiff says it will continue its long-term employment strategy on its LNG vessels and is looking at expanding its fleet in and around 2022-2023.