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TOTAL Newbuild Orders X Carrier Series of LNG ships

TMS Cardiff Gas has signed a contract with Hyundai Heavy Industries of Korea (HHI) for the construction of an LNG carrier with XDF propulsion, with the option for a second vessel. This order is the first in the Company’s X Carrier Series of orders, which expands the Company’s fleet of managed vessels to ten. The vessel is scheduled for delivery in 2020, when she will enter into a seven year time charter contract with TOTAL Gas & Power Chartering.

This order marks the company’s further expansion into the LNG sector. The company maintains its interest for further growth in the sector, which is reflected by the additional capacity made available with optional vessels for delivery in 2020 and 2021.

“TOTAL is an important customer for TMS Cardiff Gas and we look forward to providing them with first class LNG shipping services as they continue to expand their LNG activities,” said Christos Economou, Founder of TMS Cardiff Gas.