Korea Gas Corp. (KOGAS) announced recently 16 that it has chartered the LNG bunkering ship K. Lotus from Hyundai Mipo Dockyard and rented it to Shell, a global energy giant.

An LNG bunkering ship supplies fuel at sea for LNG-powered ships. KOGAS and SM Korea Line won a bunkering ship charter contract from Royal Dutch Shell in 2019. The two companies established KLBV 1, a joint venture company, in 2020, which signed a shipbuilding contract (SBC) with Hyundai Mipo Shipyard.

The K. Lotus, the world’s largest 18,000-cubic-meter bunkering ship, departed for the Netherlands last week and will supply eco-friendly fuel LNG to large ships, such as container ships and tankers, in a ship-to-ship manner near Rotterdam.

KOGAS is expected to contribute to revitalizing the Korean bunkering business by generating stable profits and securing know-how in operating the bunkering business in Europe through equity participation in the LNG bunkering business.
Source: Business Korea