https://www.marinelink.com/news/mol-totalenergies-ink-time-charter-deals-513760

Mitsui O.S.K. Lines (MOL) has entered into a time charter contract for two dual-fuel very large gas carriers (VLGCs) with Chartering and Shipping Services (CSSA), a subsidiary of TotalEnergies. The agreement was facilitated through MOL's subsidiary, MOL Energia.The vessels will be constructed by Hyundai Samho Heavy Industries in South Korea, with delivery scheduled for 2026. These advanced VLGCs will measure 230 meters in length and 32.25 meters in width, boasting a cargo tank capacity of 88,000 cubic meters.

Designed to operate on both liquefied petroleum gas (LPG) and conventional heavy oil, the dual-fuel technology significantly enhances environmental performance. When fueled by LPG, the vessels are expected to reduce carbon dioxide (CO2) emissions by approximately 20%, and sulfur oxides (SOx), particulate matter (PM), and other pollutants by about 90%, compared to traditional heavy oil.Additionally, the ships are equipped to transport ammonia, a next-generation clean energy source that emits no CO2 during combustion. This capability positions MOL to meet the anticipated rise in demand for ammonia as a sustainable energy solution.