MOL, COSCO Pact on LNG, Ethane Projects

Japanese shipping company Mitsui O.S.K. Lines (MOL) and China’s Cosco Shipping Energy Transportation (CSET) have signed a memorandum of understanding to further cooperate in LNG carrier and ethane carrier projects.

"The MOU recognizes and further develops the joint cooperation between the two organizations, for future LNG carrier projects and Ethane carrier projects," said a press release.

Over more than 10 years, MOL and CSET have established a strong and extensive partnership, which MOL and CSET jointly participate in various ongoing projects, namely the ExxonMobil DES Project, Australia Pacific LNG Project and Yamal LNG Project.

At the same time, MOL and CSET are aiming to develop and deepen the partnership through the joint participation for the new opportunities of upcoming LNG and Ethane carrier projects.

Based on the solidified relationship through this MOU and accumulated history of cooperation over the decade, MOL and CSET, as mutual strategic partner to each other, continue to lead and contribute to the development of LNG and Ethane transportation industry.