Greece-based, TMS Cardiff Gas, announced a time charter with TOTAL for a total of seven years and has placed newbuilding orders of X Carrier Series of LNG ships to HHI.
TMS Cardiff Gas signed a contract with Hyundai Heavy Industries of Korea (HHI) for the construction of one 174,000 cubic meter LNG carrier with XDF propulsion, with an option for a second vessel.
This order is the first in the company’s X Carrier Series of orders, expanding its fleet to ten vessels. This order also marks TMS Cardiff Gas’s expansion into the LNG sector. T
The vessel is expected to be delivered in 2020, when it will enter into a seven year time charter contract with TOTAL Gas & Power Chartering.
Christos Economou, Founder of TMS Cardiff Gas, stated: “We are delighted to secure a new long-term time charter with TOTAL, one of the leading global energy companies. TOTAL is an important customer for TMS Cardiff Gas and we look forward to providing them with first class LNG shipping services as they continue to expand their LNG activities.”