Top > News Releases > New LNG Vessel for Petronet LNG Delivered

December 7, 2016
Kawasaki Kisen Kaisha, Ltd.
Nippon Yusen Kabushiki Kaisha
Mitsui O.S.K. Lines Ltd.
The Shipping Corporation Of India

New LNG Vessel for Petronet LNG Delivered

A consortium comprising Kawasaki Kisen Kaisha, Ltd. (“K” Line), Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL), and the Shipping Corporation Of India Ltd. (SCI) took delivery of a new LNG vessel on November 30, 2016, in South Korea.

The vessel, PRACHI, has a capacity of 173,000 m3 and was built to order by Hyundai Heavy Industries Co. Ltd. based on a long-term time charter contract with Petronet LNG Limited (PLL). A naming ceremony for the ship was held on October 18, 2016.

PLL, India’s first importer of LNG, currently brings in 7.5 million tons of LNG a year from Qatar using three LNG carriers. PRACHI is the fourth vessel for the transport of LNG to India and will be employed in the Gorgon LNG Project in Australia.

SCI has been operating and managing all the LNG tankers that are under long term charter with Petronet LNG Ltd.  SCI also takes over as manager of PRACHI since delivery on November 30, 2016, 2016.

The four-company consortium will make every effort for safe transportation using this advanced new vessel, which is expected to contribute to the steady supply of LNG to India as energy demand continues to grow.

Outline of Prachi
Length overall: 294.97 meters
Breadth: 45.60 meters
Summer molded depth: 12.50 meters
Gross tonnage: 112,791 tons
Cargo tank capacity: 90,328 tons
Shipbuilder: Hyundai Heavy Industries Co. Ltd.
Flag: Singapore


Outline of Charter Contract

 Owner 

 India LNG Transport Company (No. 4) Private Limited (Headquarters: Singapore), JV by "K" Line, NYK, MOL, and SCI

 Charterer 

 Petronet LNG Limited

 Charter

 19 years

 Vessel 

 One new membrane-type LNG carrier (173,000 m3)

 Shipbuilder 

 Hyundai Heavy Industries Co. Ltd.

 Ship management 

 The Shipping Corporation Of India Ltd




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