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Stock impact report

Clean Marine Fuels: Total Charters Its First LNG-powered Very Large Crude Carriers

TOTAL SA (TOT) 
Last total sa earnings: 2/7 04:01 pm Check Earnings Report
US:NYSE Investor Relations: total.com/en/investors
Company Research Source: Business Wire
PARIS--(BUSINESS WIRE)--Regulatory News:Total (Paris:FP) (LSE:TTA) (NYSE:TOT) signed a pioneering agreement to charter its first two LNG-powered VLCCs (Very Large Crude Carrier). The two vessels, which are able to carry about 300,000 tons of crude oil each, will be delivered in 2022 and will join the time-chartered fleet of Total. These VLCCs will be chartered to Malaysian shipowner AET.The vessels have been designed with LNG propulsion to benefit from reduced Greenhouse Gas emissions and with the latest technologies to further lower their consumption.“LNG is the best and immediately available solution to reduce the environmental footprint of shipping,” highlights Luc Gillet, Senior Vice-President Shipping at Total. “The use of LNG to fuel our chartered vessels is the illustration of our determination to reduce the carbon footprint of our activities. With this decision, we reaffirm today our positive contribution to a sustainable shipping industry and our commitment to extend the Show less Read more
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