Mitsui O.S.K. Lines, Ltd. (MOL) announced that on 17 March, its group company MOL Energia Pte. Ltd. signed long-term charter contracts with SCG Chemicals for two very large ethane carriers.
According to the company’s statement, of the approximately 90 dedicated liquefied ethane carriers currently in service or on order worldwide, this deal will bring the number of VLECs managed and operated by the MOL Group to 14.
Furthermore, Samsung Heavy Industries Co. in South Korea will build two more 100,000m3 VLECs for delivery in 2028, along with the vessels contracted in January. The vessels 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 a total of five newly built dedicated liquefied ethane carriers serving SCGC, and the group will be responsible for transporting all of the ethane used at SCGC’s petrochemical plants in Vietnam.
