After signing a long-term charter contract with Mitsui O.S.K. Lines Ltd. in February 2018, Total SA said Oct. 18 that its first LNG bunker vessel was launched.
Hudong-Zhonghua Shipbuilding built the vessel at its shipyard near Shanghai. The vessel is fitted with tanker technologies, provided by French company Gaztransport & Technigaz SA, with a capacity of 18,600 cubic meters. It will be delivered in 2020 and will operate in northern Europe, where it will supply LNG to commercial vessels, including 300,000 tons per year for CMA CGM SA's nine ultra-large newbuild containerships in Europe-Asia trade, for at least 10 years.
According to Total, the vessel's construction is in line with the International Maritime Organization's decision to limit the sulfur content of marine fuels as of 2020.
The French oil major is the second-largest private LNG player with a portfolio of about 40 million tons per year by 2020 as well as a global market share of 10%.