{"id":1876,"date":"2024-12-12T19:04:22","date_gmt":"2024-12-12T19:04:22","guid":{"rendered":"https:\/\/krogragg.com\/?p=1876"},"modified":"2024-12-12T19:04:22","modified_gmt":"2024-12-12T19:04:22","slug":"qatarenergy-signs-contract-for-6-most-advanced-lng-carriers-in-the-industry","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=1876","title":{"rendered":"QatarEnergy Signs Contract For 6 Most Advanced LNG Carriers In The Industry"},"content":{"rendered":"

QatarEnergy Signs Contract For 6 Most Advanced LNG Carriers In The Industry
\n \t

\n
<\/BR>
\n
\n \t

\n
<\/BR><\/p>\n

\n
\"QatarEnergy<\/div>\n
\"QC-Max
Image Credits: QatarEnergy\/X<\/figcaption><\/figure>\n

QatarEnergy has signed a long-term Time Charter Party (TCP) agreement for six QC-Max LNG carriers with a joint venture between China\u2019s COSCO Shipping LNG Investment (CSLNG) and Japan\u2019s Mitsui O.S.K. Lines (MOL).<\/p>\n

This deal concludes the company\u2019s historic shipbuilding program, which has resulted in a fleet of 128 advanced LNG carriers.<\/p>\n

The six QC-Max carriers will be constructed by Hudong-Zhonghua Shipbuilding Group, a subsidiary of China State Shipbuilding Corporation (CSSC), in China.<\/p>\n

These ultra-modern vessels are designed for greater fuel efficiency, reduced emissions, and advanced technology to support the company\u2019s growing LNG export and fleet replacement requirements.<\/p>\n

At a ceremony held in Doha, His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, announced the final contracts.<\/p>\n

\"QatarEnergy\"
Image Credits: QatarEnergy\/X<\/figcaption><\/figure>\n

Senior executives from MOL, COSCO Shipping, and QatarEnergy were present at the event.<\/p>\n

The Minister said that the new vessels are a significant addition to QatarEnergy\u2019s LNG fleet expansion program, which is essential for meeting future production goals.<\/p>\n

QatarEnergy\u2019s shipbuilding program includes 104 conventional LNG carriers and 24 QC-Max vessels.<\/p>\n

The QC-Max ships are the largest of their kind, each capable of carrying approximately 271,000 cubic meters of LNG. These ships measure 344 meters in length and have a draft of 12 meters, allowing them to access most global ports.<\/p>\n

Hudong-Zhonghua Shipbuilding had already received orders earlier this year for 18 QC-Max vessels. The latest six ships bring the total QC-Max orders to 24, with delivery expected between 2023 and 2031.<\/p>\n

\"Signing
Image Credits: QatarEnergy\/X<\/figcaption><\/figure>\n

This shipbuilding initiative began in 2020 when QatarEnergy secured the largest-ever shipbuilding reservation. The program aims to support Qatar\u2019s LNG production expansion and strengthen its position as the world\u2019s leading LNG exporter.<\/p>\n

MOL and COSCO Shipping have a longstanding relationship with QatarEnergy.<\/p>\n

In 2022, the joint venture signed agreements for seven conventional LNG carriers. With the latest deal, MOL and COSCO now have a total of 13 vessels under QatarEnergy\u2019s fleet expansion program.<\/p>\n

COSCO Shipping highlighted that the new vessels are the most advanced in the industry, featuring technology that greatly enhances operational efficiency while also reducing carbon emissions.<\/p>\n

Reference: QatarEnergy<\/em><\/p>\n<\/div>\n

\t

\n
<\/BR>
\n MI News Network
\n \t

\n
<\/BR>
\nGo to marine insight<\/a>
\n \t

\n
<\/BR><\/p>\n","protected":false},"excerpt":{"rendered":"

QatarEnergy Signs Contract For 6 Most Advanced LNG Carriers In The Industry Image Credits: QatarEnergy\/X QatarEnergy has signed a long-term Time Charter Party (TCP) agreement for six QC-Max LNG carriers with a joint venture between China\u2019s COSCO Shipping LNG Investment (CSLNG) and Japan\u2019s Mitsui O.S.K. Lines (MOL). This deal concludes the company\u2019s historic shipbuilding program, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194,196],"tags":[197],"class_list":["post-1876","post","type-post","status-publish","format-standard","hentry","category-marine-insight","category-shipping-news","tag-marine-insight"],"_links":{"self":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/1876"}],"collection":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1876"}],"version-history":[{"count":0,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/1876\/revisions"}],"wp:attachment":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}