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Mitsui proceeds with the procurement of eight LNG carriers

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LNG Industry,

Mitsui & Co. Ltd is proceeding with the procurement of eight LNG carriers.

The LNG carriers will mainly be used to deliver LNG to the company’s customers in Japan from the Cameron LNG Export Project in the US.

In addition to five ships with time charter parties signed in September 2014, Mitsui has newly entered into contracts for two more ships for a total maximum charter hire amount of approximately 600 billion Japanese yen for the combined seven ships.

Mitsui is also preparing to conclude the time charter party for the remaining ship.

Adapted from press release by

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