MOL, Proman Shipping Name Methanol Carrier CASTARA

Maritime Activity Reports, Inc.

December 12, 2018

At the naming ceremony. Photo by Mitsui O.S.K. Lines

At the naming ceremony. Photo by Mitsui O.S.K. Lines

Switzerland's Proman Shipping and Mitsui O.S.K. Lines(MOL) announced that  a naming ceremony for a newbuilding Methanol Carrier for Proman Shipping was held at the Hyundai Mipo Drydock (HMD) in Korea.

The vessel was named the CASTARA by Methanol Holdings (Trinidad) Limited. (MHTL) CEO Dennis Patrick. MHTL and Proman Shipping are subsidiaries of the Proman Group.

The CASTARA will be the most eco-friendly and fuel-efficient vessel in Proman Shipping’s expanding fleet.

David Cassidy, Chief Executive of Proman Group said, “The CASTARA is Proman Shipping’s first 50,000 DWT vessel and will become the largest vessel in the Proman Shipping fleet. This milestone is testament to our valued and long-term partnership with MOL. While Proman Shipping was only launched in March of this year, Proman and MHTL have a long history with MOL going back to 1995. During this time, we have diversified our products and expanded our reach – from Europe and the US initially, we now ship globally, to Brazil, China, and right here to South Korea, and we look forward to growing further.”

He added, “We are grateful to MOL and HMD for their efforts in enabling the completion of this project. We appreciate their support and commitment, and we look forward to continuing to strengthen our partnership in the years ahead.”

Masato Koike, Managing Executive Officer of MOL said, “Methanol trade is as dynamic as the shipping industry is and we are observing changes in its trading pattern in recent years. Even the changes are surrounding us, I am confident that the new vessel, with most advanced design, will remain playing vital role in our fleet, transporting methanol. We will continue exploring for even safer, more competent and more efficient transportation contributing to Proman Group and MHTL.”

Proman Shipping AG provides maritime expertise, commercial vessel management and global ocean transportation to the Proman Group,  an integrated industrial group and global leader in natural gas derived products and services.

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