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MOL and Kansai Electric to jointly own LNG carrier pairMOL and Kansai Electric to jointly own LNG carrier pair

Mitsui OSK Lines (MOL) and Kansai Electric Power have reached an agreement to jointly own two LNG carriers ordered for long term charter to the power company.

Marcus Hand, Editor

October 1, 2013

1 Min Read
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MOL said it would own a 30% stake in the newbuildings, while Kansai Electric Power would take a 70% stake, through a Bahamas-registered subsidiary of MOL.

The two LNG carriers were ordered last year at Kawasaki Heavy Industries and Mitsubishi Heavy Industries on the back of a long term charter contract to Kansai Electric Power. MOL will manage the vessels which are due for delivery in 2016 and 2017.

The two companies currently jointly own one LNG carrier the LNG Ebisu delivered in 2008.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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