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January 5, 2018

TMS Cardiff Gas selects HHI to build new LNG carrier

Greece-based shipping company TMS Cardiff Gas has awarded a contract to South Korea’s Hyundai Heavy Industries (HHI) to build a new liquefied natural gas (LNG) carrier.

Greece-based shipping company TMS Cardiff Gas has awarded a contract to South Korea’s Hyundai Heavy Industries (HHI) to build a new liquefied natural gas (LNG) carrier.

The arrangement will see the construction of a 174,000m³ carrier ship featuring XDF propulsion and also includes an option for a second vessel.

"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."

The deal forms part of TMS Cardiff Gas’ X Carrier Series of orders, which aims to expand the company’s total fleet of managed vessels to ten units.

Delivery of the new vessel is slated to take place by 2020.

The carrier is set to be operated by Total Gas & Power Chartering under a seven-year time charter contract upon completion.

TMS Cardiff Gas founder Christos Economou said: “We are delighted to secure a new long-term time charter with Total, one of the leading global energy companies.”

“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.”

TMS Cardiff Gas was founded in 2011 and primarily manages Cardiff’s fleet of LNG and liquefied petroleum gas (LPG) vessels.

The company also provides traditional ship management services, as well as engineering and offshore project management services.

TMS Cardiff Gas currently operates a fleet of ten modern gas carriers, including six LNG carriers and four VLGCs.

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