MOL secures E.ON contract, orders two DSME LNG carriers

Tokyo: Mitsui OSK Lines (MOL), via a joint venture shipowning company with Itochu Corporation, has secured charter agreements with Germany’s E.ON for a new European LNG shipping business. The joint venture also signed a deal with Korea’s Daewoo Shipbuilding & Marine Engineering to build up to two new 179,900 cu m LNG carriers.

MOL will manage the two new vessels, which will transport LNG from a shale gas liquefying plant in North America to Europe and other destinations around the world. The ship order is one firm plus an option with the first ship set to deliver in 2018.

The move is in line with MOL’s plans to get more non-Japan related LNG contracts.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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