Exmar Announces LNG Deals

Exmar, CMB's gas tanker division, together with Mitsui O.S.K. Lines, confirms the long-term charter party with El Paso Corporation of two further liquefied natural gas (LNG) tankers, thus bring the total to four vessels. They will be built by Daewoo Shipbuilding & Marine Engineering Company, Ltd. Each vessel will be constructed using the membrane system and have a capacity of approximately 138,000 cu. m. Deliveries will commence in 2004.