Charter for eight LNG newbuilding vessels.

Shell’s Singapore unit Shell Tankers said in a press release that it had entered into separate time charter contracts for four LNG carriers with affiliates of Knutsen LNG, two LNG carriers with Korea Line Corporation and two LNG carriers owned by investors advised by JP Morgan Asset Management.

The 174,000 cu m LNG carriers will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries and will be integrated into Shell’s time-chartered trading fleet.