Thursday, March 4, 2010

New LNG Bulk Carrier Vessels From China for Mitsui

MOL Snap up Liquid Gas Carrying Contracts
Shipping News Feature

PAPUA NEW GUINEA – AUSTRALI A– CHINA - Mitsui OSK Lines (MOL), the bulk to container shipping line announced further development of its liquefied natural gas (LNG) carrier fleet yesterday. The company has been awarded long term charters from an ExxonMobil affiliate company and its partners for two of the group’s co owned existing 177,000 cubic meter capacity LNG ships, built at the Hyundai yards in South Korea this year, plus heads of agreement signed on other LNG projects which will require four new builds.

The drill sites are off Papua New Guinea and Western Australia (the Gorgon Project) and the four new ships will be built in China for deliver between 2014 -16. MOL currently operates over 860 vessels of diverse type and has a long standing relationship in moving ExxonMobil products.

In a company statement MOL said they were proud of the long association between the two companies and looked forward to working together in the years ahead.