Skip to main content

MOL and China COSCO Shipping to jointly own four LNG Carriers for Russian Yamal LNG Project

Published by
LNG Industry,


Mitsui O.S.K. Lines, Ltd. have announced that China COSCO Shipping Corporation Limited will take an equity stake in the MOL wholly owned subsidiary that will own four LNG carriers serving the Russia Yamal LNG project.

Ownership will be split 50:50 between MOL and China COSCO Shipping. MOL has already signed long-term charter contracts for the four LNG carriers through its wholly owned company.

This is the fourth joint LNG project involving MOL and China COSCO Shipping, following one for ExxonMobil (a total of four vessels were delivered from 2015 through 2016), another for SINOPEC (six vessels are to be delivered from 2016 through 2018), and the ice class LNG carriers for the Yamal LNG project (three vessels will be delivered from 2018 through 2019).

The total number of vessels co-owned by MOL and China COSCO Shipping will be increased to 17 in 2020 when all vessels including those in latest project are in service.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/02112017/mol-and-china-cosco-shipping-to-jointly-own-four-lng-carriers-for-russian-yamal-lng-project/

You might also like

 STATS Group

[WEBINAR] Digital Shipbuilding: A Transparent and Real-Time View of the Fabrication Process is Possible

In this webinar, Ismo Piirainen and David Whittle of Hexagon PPM will be discussing the digitalisation and digital transformation trends driving Industry 4.0, especially when it comes to fabrication. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG project news LNG carrier news