Sovcomflot, Total Ink Timecharter Deal on LNG Transport

MarineLink
Thursday, January 21, 2021

PAO Sovcomflot (SCF Group) and Total have concluded a time charter agreement for up to seven years for a newbuild 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier, scheduled to be delivered Q3 2023 and to be owned and operated by SCF, with options for up to two additional vessels.

The new vessel will be the latest in a series of SCF’s new-generation conventional Atlanticmax LNG carriers, with three sister ships already in operation: SCF La Perouse, SCF Barents and SCF Timmerman.

The vessel will be fitted with an X-DF propulsion system, operated by a slow-speed diesel engine with a direct drive to the propellers, which will enable a substantial reduction in the vessel’s fuel consumption when compared with previous generations of LNG carriers.

The new carrier will also be fitted with a hull air lubrication system which, combined with  two shaft power generators with frequency-to-current converters, is expected to deliver a further significant decrease in fuel consumption and greenhouse gas emissions. Another environmental feature of this series of new-generation vessels is a partial re-liquefaction system, which allows cargo boil-off gas to be returned to the tanks.

The ceremony was held on January 21, 2021 and was attended via videoconference by: Igor Tonkovidov, President and Chief Executive Officer of PAO Sovcomflot; Thomas Maurisse, Senior Vice President for LNG at Total, and Seong-Yong Park, Senior Executive Vice President and Chief Operating Officer of Hyundai Heavy Industries.

Categories: LNG Contracts Tankers LNG Carriers

Related Stories

US Commerce Disorganization Stalls Thousands of Export Approvals

Panama Auditor Files Suit to Scrap CK Hutchison-Controlled Port Contract

TotalEnergies, CMA CGM to Form LNG Bunkering Logistics JV

Current News

US Commerce Disorganization Stalls Thousands of Export Approvals

Russian Oil Vessels Forced to Divert From India Under US Sanctions

Hanseatic Global Terminals Launches Latin America Expansion

Two CK Hutchison-Operated Ports Near Panama Could See State Partnerships Take Over

Subscribe for Maritime Logistics Professional E‑News