Marine Link
Friday, October 21, 2016

MOL Sign Methanol Carrier Deal with MHTL

February 14, 2014

Contract File image CCL

Contract File image CCL

Mitsui O.S.K. Lines, Ltd. (MOL) says it has signed a contract with Methanol Holdings (Trinidad) Limited (MHTL) to build and charter four methanol carriers.

MOL consider that the new contracts will play an essential part in MOL's strategy to strengthen long-term business, as well as enabling the company to renew its methanol fleet by replacing older vessels with ships featuring the most advanced designs.

Global demand for methanol is expected to grow and MOL will continue expanding its services to meet the needs of a broad range of customers, building on its extensive experience and know-how as a worldwide leader in methanol transport.

About MHTL

Methanol Holdings (Trinidad) Limited (MHTL) is a leading global producer of Methanol, UAN (32% N), Melamine and Ammonia. With 4.1 million MTPY of methanol capacity in Trinidad and an indirect 60% shareholding interest in the Oman Methanol Company (1.0 million MTPY), MHTL and its affiliated marketing centers Southern Chemical Corporation in the Americas and Helm AG in Europe and Asia market approximately 5.1 million MTPY of methanol globally.

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News