Shell to Charter 10 New VLCCs Powered by Liquefied Natural Gas

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    Greensea Systems
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    Shell will charter ten new Very Large Crude Carriers powered by liquefied natural gas as the energy giant seeks to reduce carbon emissions from its crude oil tanker fleet.

    Long-term charter agreements were signed with Advantage Tankers, which will charter out four of the vessels, with AET and International Seaways chartering out three each.

    All ten ships will be built by DSME in South Korea with deliveries beginning in 2022. The charters will cover seven years.

    Shell says the charters comes as it continues to significantly invest in LNG for its long-term charter fleet with 14 dual-fuel LNG ships in service by the end of 2021.

    Read more by visiting gCaptain.

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