Royal Dutch Shell plc, the world’s largest liquefied natural gas (LNG) trader, has chartered four newbuild, low-emission LNG tankers to be delivered beginning in mid-2024.

Shipping

“These ships will play a key role in lowering emissions from the Shell time charter fleet,” said Head of Shell Shipping & Maritime Grahaeme Henderson. “As well as reducing emissions from our own operations, we are actively working with the industry to help accelerate shipping’s progress towards net-zero.”

The charter agreements were signed by subsidiary Shell Tankers (Singapore) Pvt. Ltd. with Norwegian shipper Knutsen OAS Shipping AS, South Korean shipper Pan Ocean Co. Ltd. and investors advised by J.P. Morgan Asset Management.

The ships each would have capacity of 174,000 cubic meters,...