TMS Cardiff Gas has announced that it has entered into a minimum seven-year time charter contract with Total Gas & Power Ltd. for one of its 11 newbuilding LNG X Carrier series vessels on order.
The 174 000 m3 vessel, with efficient XDF propulsion and subcooling system, is being constructed at Samsung Heavy Industries (SHI). The company is continuing its long-term employment strategy on its LNG vessels, and is looking to expand its portfolio with a 2022/23 timeframe.
Christos Economou, Founder of TMS Cardiff Gas, commented: “We are grateful for the repeat business that Total Gas & Power Ltd., one of the leading global energy companies, continues to show our company and we look forward to providing first class LNG shipping services. This is another long-term deal in this series of sister vessels with efficient XDF propulsion and sets the stage for the company’s further growth with significant long-term coverage and backlog.”