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MOL, Tokyo Gas conclude LNG carrier charter

LNG Industry,

Mitsui O.S.K. Lines, Ltd. has concluded an agreement on joint ownership and 20-year charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker Co., Ltd., a subsidiary of Tokyo Gas.

MOL has also signed a contract with Japan Marine United for the new LNG vessel.

This is the second vessel MOL will manage, following another newbuilding LNG carrier, which contracted with Tokyo LNG Tanker and JMU on February 28, 2014. The second vessel will transport LNG from the Cove Point LNG project in the US to Tokyo Gas facilities.

MOL is involved in the operation of ten LNG carriers owned and managed by Tokyo LNG Tanker, including this newbuilding vessel, and directly manages seven of those ten ships.

Adapted from press release by Katie Woodward

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