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日本海事新聞ニュース Japan Maritime Daily Mar 19, 2025 (Wed)

MOL secures long-term TC for aditional two VLECs with SCG Chemicals

Image of VLEC (provided by Samsung Heavy Industries)
 On March 18, MOL announced that its Singaporean subsidiary MOL Energia has signed a long-term time ・・・ %E3%80%80On+March+18%2C+%3Cb%3EMOL%3C%2Fb%3E+announced+that+its+Singaporean+subsidiary+%3Cb%3EMOL%3C%2Fb%3E+Energia+has+signed+a+long-term+time+charter+contract+for+two+Very+Large+Ethane+Carriers+%28VLECs%29+with+SCG+Chemicals%2C+a+subsidiary+of+The+Siam+Cement+Public+Company+Limited+Group+%28SCG%29%2C+Thailand%E2%80%99s+largest+materials+manufacturer.+It+is+scheduled+for+completion+in+2028+by+Samsung+Heavy+Industries+of+South+Korea.+This+additional+contract+follows+the+three+vessels+already+under+contract+signed+on+January+24.+This+increases+the+number+of+VLECs+managed+and+operated+by+the+%3Cb%3EMOL%3C%2Fb%3E+Group+to+14.+%3Cbr%3E%E3%80%80With+the+signing+of+this+contract%2C+the+total+number+of+newly+built+VLECs+for+SCG+Chemicals+will+reach+five.+The+%3Cb%3EMOL%3C%2Fb%3E+Group+will+now+be+solely+responsible+for+SCG+Chemicals%E2%80%99+ethane+transport+demand+for+its+petrochemical+plants+in+Vietnam.+%3Cbr%3E%E3%80%80The+two+additional+vessels+to+be+built+are+100%2C000+cubic+meter+VLECs+%28length+overall+230+meters+x+width+36+meters+x+full+draft+11.9+meters%29%2C+the+same+type+as+the+three+vessels+contracted+in+January.+Each+vessel+will+be+equipped+with+an+ethane+dual-fuel+propulsion+engine%2C+which+can+reduce+emissions+of+GHG+%28greenhouse+gas%29%2C+SOx+%28sulfur+oxides%29%2C+and+NOx+%28nitrogen+oxides%29+compared+to+conventional+heavy+oil-fueled+vessels.+%3Cbr%3E%E3%80%80VLECs+are+dedicated+vessels+for+transporting+liquefied+ethane+at+approximately+minus+92+degrees.+Ethane+is+used+as+a+raw+material+for+refining+ethylene%2C+a+basic+chemical%2C+with+low+GHG+emissions%2C+and+is+the+second+most+abundant+component+in+natural+gas+after+methane%2C+accounting+for+5-20%25.+%3Cbr%3E%E3%80%80Currently%2C+there+are+approximately+90+VLECs+either+completed+or+on+order+around+the+world.+The+%3Cb%3EMOL%3C%2Fb%3E+Group%E2%80%99s+market+share+has+reached+just+over+15%25%2C+solidifying+its+position+as+a+leading+company+in+the+field.+%3Cbr%3E%E3%80%80The+contracting+party%2C+SCG+Chemicals%2C+is+one+of+Thailand%E2%80%99s+largest+comprehensive+petrochemical+companies%2C+established+in+1983.+With+strategic+bases+in+Vietnam%2C+Indonesia+and+Thailand%2C+the+company+offers+a+wide+range+of+petrochemical+products%2C+from+the+upstream+production+of+olefins+to+the+downstream+production+of+the+three+major+plastic+resins%3A+polyethylene%2C+polypropylene+and+polyvinyl+chloride.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%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