Singapore’s Pavilion Energy has signed an agreement with BW Group (BW) for the long-term charter of two M-type, electronically controlled, gas injection (MEGI) LNG newbuilds.
The 173,400 m3 vessels are scheduled for delivery between 2019 and 2020, and are intended to boost Pavilion Energy’s global portfolio and LNG trading expansion.
These ships will join Pavilion Energy’s existing fleet on water which includes the BW Pavilion Vanda and BW Pavilion Leeara.
The long-term charters of these MEGI newbuilds from our long-standing shipping partner BW will strengthen Pavilion Energy’s global LNG trading activities, especially on long-haul voyages. This will reinforce our already strong Asian LNG supply and trading strategy to connect markets and supplies regionally and globally.
MEGI vessel offer higher efficiency and lower carbon emissions, as they consume less fuel compared to TFDE (Tri Fuel Diesel Engine) vessels, BW Group said.