With shipyards of two companies at its disposal, MI LNG Company aims to secure collective shipbuilding capacity of more than eight LNG carriers per year, allowing it to compete against South Korean and other large shipbuilders.
Upon receiving an order for an LNG carrier, the joint venture will prepare the specifications and so forth, and then order ship construction either to MHI's Nagasaki Shipyard & Machinery Works or to Imabari Shipbuilding.
The joint venture offers the 'Sayaendo' or new generation LNG carrier developed by MHI as a high value-added vessel evolved from the conventional Moss-type carriers but achieving enhancements in energy savings and operability.
MHI has now completed the new vessel's development and received orders for five units. The first ship is currently under construction.
“Through establishment of the joint venture, the two companies aim to proactively prepare a structure capable of responding to large scale LNG carrier construction projects, which are expected to increase in tandem with expanding global demand for LNG,” MHI said.
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