Gunvor Group Ltd. has agreed to employ four newbuild liquefied natural gas (LNG) carriers as the trading house looks to cut emissions tied to its operations. 

Subsidiary Clearlake Shipping is securing long-term time charters with Monaco-based shipowner Celsius Tankers. Celsius expects to take delivery of the new vessels from Samsung Heavy Industries Co. Ltd. (SHI) during 2023 and 2024. 

The maritime industry is facing stiffer decarbonization rules as the energy transition evolves. The industry is using alternate fuels, including LNG, and more efficient designs to manage emissions. Celcisus said the new vessel design minimizes carbon dioxide and methane slip, or unburned methane from engines. The installation of air lubrication, optimal hull shape and paint systems to cut water...