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TMS CARDIFF GAS ORDERS FURTHER X-SERIES LNGCs

Saturday, December 22, 2018 

TMS Cardiff Gas has placed orders with Koreas Hyundai Heavy Industries and Samsung Heavy Industries for more 174,000m3 X-Series LNG carriers, taking the tally to eleven vessels, all of which will have a propulsion arrangement based around dual-fuel engines.

The vessels are scheduled for delivery in 2020/2021, when they will enter into time charter contracts with Shell.

The order marks the company’s further expansion into the LNG sector with additional secured term employment upon delivery. The company maintains its appetite for further growth in the sector, which is reflected by the additional capacity made available with optional vessels for delivery in 2021

Christos Cconomou, founder of TMS Cardiff Gas, commented: “We are delighted to have agreed the charter of four new X Carrier series of LNG ships to Shell. Shell is a very important customer in our expanding LNG shipping business. We look forward to providing them with first class LNG shipping services.”

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