MOL Energia signs deal for two very large ethane carriers

This brings its total fleet number to 14.

Mitsui O.S.K. Lines, Ltd. (MOL) has announced that its group company MOL Energia Pte. Ltd. has signed long-term charter contracts with SCG Chemicals (SCGC) for two very large ethane carriers (VLEC).

In a statement, the company said this would be an addition to the three vessels already contracted on 24 January. The deal will bring the number of VLECs managed and operated by the MOL Group to 14.

Samsung Heavy Industries Co. in South Korea will build two more 100,000 cubic metre VLECs for delivery in 2028, along with the vessels contracted in January. These are equipped with ethane dual-fuel propulsion engines, which reduce emissions of greenhouse gases, sulfur oxides, and nitrogen oxides compared to vessels that run on conventional fuel oil.

With the conclusion of this contract, the MOL Group will own five newly built dedicated liquefied ethane carriers serving SCGC. It will be responsible for transporting all the ethane used at the Thailand-based company’s petrochemical plants in Vietnam.

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