Shell signs charter contracts for six newbuild LNG carriers.

Shell has signed separate agreements for two LNG ships each with affiliates of Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing and institutional investors advised by J.P. Morgan Asset Management.

The 174,000 cu m LNG carriers will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries.

The ships will be integrated into Shell’s time-chartered trading fleet and staggered delivery is expected to take place from mid-2023. Shell announced the long-term charter of eight ships of the same class in December 2019.