MOL-Cosco to own and operate QatarEnergy’s QC-Max LNG newbuildings

^{Photo credit: QatarEnergy}

QatarEnergy has selected the joint venture of Japan’s Mitsui O.S.K Lines Ltd. (MOL) and China’s COSCO Shipping LNG Investment (Shanghai) Co. Ltd. (CSLNG) to own and operate 6 QC-Max size LNG vessels.

The six vessels will be built in China by Hudong-Zhonghua Shipbuilding Group, a subsidiary of China State Shipbuilding Corporation (CSSC).

These vessels are the last batch of the 128 LNG vessels in QatarEnergy’s ship building program, made up of 104 conventional and 24 QC-Max size ultra-modern vessels.

The long-term time charter party (TCP) agreements were awarded to the shipowners during a special ceremony held at QatarEnergy’s headquarters in Doha.

^{Photo credit: QatarEnergy}

In remarks at the ceremony, Saad Sherida Al-Kaabi, minister of state for energy affairs, the president and CEO of QatarEnergy, said: “This is the last batch of long-term shipowner contracts in our 128-vessel strong historic shipbuilding program that will cater for QatarEnergy’s future LNG fleet requirements for our