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MOL signs charter with Chinese partners for three LNG carriers

Photo: Hudong Zhonghua Hudong-Zhonghua LNG carrier_ (002).jpg
Mitsui OSK Lines (MOL) has inked a long-term charter contract with ENN LNG (Singapore) Pte. Ltd., a wholly owned subsidiary of ENN Natural Gas headquartered in Langfang, China for three newbuilding LNG carriers.

The vessels will be constructed at CSSC Hudong-Zhonghua Shipbuilding and are due for delivery by 2028. 

Upon delivery, the vessels will be engaged mainly in transport of LNG procured by ENN under long-term purchases contract to China.

ENN is a leading privately owned energy company, which has an extensive customer base in more than 20 provinces in China. It supplies 10% of natural gas consumption in China and operates a large LNG terminal in Zhoushan, Zhejiang Province. 

“The contract was concluded based on ENN's high evaluation of MOL's track record in the LNG carrier business for China, its extensive experience in building LNG carriers in China, and its performance in safe cargo transport and safe operation of vessels,” said MOL.