Mitsui O.S.Ok. Traces (MOL) has signed a long-term constitution contract for 3 newbuilding very giant ethane carriers (VLECs) with SCG Chemical compounds, a completely owned subsidiary of Thailand’s Siam Cement Group (SCG).
The 100,000 m3 VLECs, spanning 230 meters in lengths and with breadths of 36.6 meters, might be constructed at Samsung Heavy Industries, and are scheduled for supply in 2027.
The vessels might be outfitted with dual-fuel ethane propulsion engines, which is able to cut back greenhouse gasoline, sulfur oxide, and nitrogen oxide emissions in comparison with typical heavy gasoline oil vessels.
With this contract, the variety of VLECs managed and operated by MOL will enhance to 12 vessels out of roughly 90 VLECs which have been delivered or so as.
“In securing the ethane transport vessels, SCGC acknowledged MOL group’s efficiency within the VLEC enterprise, and has chosen MOL group as a VLEC service supplier, main as much as the long-term constitution contract.
“MOL group expects to strengthen SCGC’s competitiveness within the petrochemical trade in Vietnam, and contribute to the expansion of regional economies, by taking over the accountability of transporting liquefied ethane for SCGC,” Mol mentioned in a press release.
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