Japanese giant Mitsui OSK Lines (MOL) has consigned another of its small-scale LNG carriers to the management of V.Ships in France.

The 18,000-cbm LNG bunker vessel Gas Agility (built 2020) was taken under full technical management on 14 August, parent company V. said.

This is the second of MOL’s smaller gas carriers to be operated by V.Ships, joining the 18,600-cbm Gas Vitality (built 2021), which has been under contract since the last three months of 2021.

“We are proud that MOL has once again partnered with V.Ships France for full technical management of their LNG bunker vessel Gas Agility,” the manager said.

The Gas Agility operates in Rotterdam, while the Gas Vitality is based in Marseille.

Thierry Sarrazin, general manager of V.Ships in France, said: “I am delighted to welcome Gas Agility into our fleet and to further expand our LNG management and services portfolio.

“We look forward to continuing to work closely with MOL, charterer TotalEnergies and their valued customers in safely and efficiently delivering LNG as fuel on the path to net zero.”

Go Sakaguchi, general manager of liquefied gas unit 2 at MOL, said there was no doubt the Gas Agility was in safe hands.

"To date, V.Ships has proven to be an excellent ship-management partner to MOL and we value their expertise and commitment to safe operations,” Sakaguchi said.

Ship management and marine services group V. is looking to double or even triple its earnings, according to chief executive Rene Kofod-Olsen, who joined the company in November 2020.

“In terms of financial performance, we will double again over the next five years,” he told TradeWinds earlier this year. “And we can probably triple with our M&A [mergers and acquisition] views.

“I’m sure others will have a much faster trajectory, but I still believe that is doable.”