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Mitsui to charter vessels for Cameron LNG project

LNG Industry,

Mitsui & Co., Ltd. is progressing with the procurement of eight LNG vessels to be used for the delivery of LNG to customers in Japan from the Cameron LNG Export Project in Louisiana, US.

On 26 September 2014, Mitsui signed time charter parties for five of the eight ships for a total maximum charter hire amount of approximately 400 billion Japanese yen. Additionally, Mitsui is preparing to conclude time charter parties for the remaining 3 ships.

Three of the eight vessels originate from ship-owning companies in which Mitsui has invested, bringing Mitsui's LNG ship fleet to a total of 27 ships. Mitsui will strengthen and expand its LNG ship business by transporting LNG from its own and third party LNG project sites and by accumulating knowledge on owning, chartering and operating LNG ships.

Adapted from press release by Katie Woodward

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