JERA strikes charter deal for Maran Gas LNG newbuild

Illustration purposes only (Image courtesy of JERA)

Japan’s LNG importing giant JERA, through its unit LNG Marine Transport Limited, has entered into a time charter party for one LNG vessel with Maran Gas Maritime.

Illustration purposes only (Image courtesy of JERA)

Construction of the vessel for the Angelicoussis Group company will begin in 2020 at the Daewoo Shipbuilding & Marine Engineering shipyard in Korea, JERA said in its statement.

The vessel will have the capacity to transport up to 174,000 cubic meters of liquefied natural gas.

The charter period is about 12 years starting between October and December 2021, and the vessel will be utilized principally for the transportation of LNG from LNG projects in Asia and Oceania.

JERA plans to increase its LNG fleet to 25 vessels by 2025 as its ratio of FOB contracts grows.