MOL, Mitsui in Cameron LNG Transport Deal

By George Backwell September 29, 2014

Mitsui O.S.K. Lines, Ltd. (MOL) apprise that a contract has been signed with Mitsui & Co., Ltd. to charter two new 155,000m3 LNG carriers that will transport shale gas-derived liquefied natural gas (LNG) from the United States.

MOL will manage the new vessels, which will supply LNG from a Mitsui & Co.-backed project in Cameron in Louisiana, the U.S. to markets in Japan and other countries.

Outline of charter contract

Shipowner: Wholly owned subsidiary of MOL
Charterer: Mitsui & Co., Ltd.
Chartering period: Starting around 2018 (up to 25 years)

Profile of newbuilding LNG carriers

Length: About 300m
Breadth: 48.9m
Draft: 11.05m
Cargo tank capacity: 155,000m3
Shipyard: Kawasaki Heavy Industries, Ltd.
Ship management company: Mitsui O.S.K. Lines, Ltd.