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MOL joint venture inks charter deal for two new LNG carriers

MOL joint venture inks charter deal for two new LNG carriers
A joint venture of Mitsui OSK Lines (MOL) has entered into a charter agreement to provide two new LNG carriers to E.ON Global Commodities (EGC), and the newbuildings will be constructed at Daewoo Shipbuilding & Marine Engineering (DSME).

The charter agreement with EGC, subsidiary of E.ON, was made through a joint venture shipowning firm between MOL and Itochu Corporation.

The two membrane-type 179,900 cu m LNG carriers will start their charter period from 2018 for 20 years.

MOL will manage the two new ships, which will transport LNG from a shale gas liquefying plant in North America to Europe and other destinations globally.

EGC, the energy trading arm of E.ON, owns and operates a pipeline infrastructure business which supports gas supply and trading activities, and an unbundled gas storage business.