TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that on January 28, 2022, it concluded a time charter contract for a newbuilding 174,000 m³-type LNG carrier with Mitsui &
Co., Ltd. (President & CEO: Kenichi Hori; Headquarters: Chiyoda-ku, Tokyo).

This is the fourth contract, following deals for three newbuilding LNG carriers signed between September 2014 and January 2015 (Note 1). MOL will provide ship management services for the vessel, which will be engaged to transport LNG mainly for Mitsui & Co. projects around the world.

The vessel is equipped with the cutting-edge MAN Energy Solutions engine, which improved fuel efficiency. It also adopts more environment-friendly specifications than current LNG carriers.

MOL is prepared to address critical environmental issues in line with “MOL Group Environmental Vision 2.1″ (Note 2), with the aim of achieving GHG net zero emissions by 2050 through concerted group-wide efforts, and contribute to the realization of a low and decarbonized society.

[Vessel Outline]
Type: 174,000 m³ membrane type
Scheduled delivery: After 2024

(Note 1)
Please refer to the following press releases regarding previous contracts with Mitsui & Co. relating to this case.

– September 29, 2014:
MOL, Mitsui Sign Deal to Charter 2 LNG Carriers – Transporting Shale Gas-derived LNG from Cameron Project in U.S.
– January 29, 2015:
MOL, Mitsui Sign Deal to Charter LNG Carrier – Transporting Shale Gas-derived LNG from Cameron Project in U.S.
– October 19, 2018:
MOL’s Newbuilt LNG Carrier “MARVEL EAGLE” to Serve Mitsui & Co. – Will Transport Shale gas-derived LNG from Cameron Project in U.S.
– September 27, 2019:
MOL’s Newbuilt LNG Carrier “MARVEL HERON” to Serve Mitsui & Co. – Will Transport Shale Gas-derived LNG from Cameron Project in U.S.
– December 13, 2019:
MOL’s Newbuilt LNG Carrier “MARVEL Pelican” to Serve Mitsui & Co. – Will Transport Shale Gas-derived LNG from Cameron Project in U.S.
(Note 2) MOL Group Environmental Vision 2.1
https://mol.disclosure.site/en/themes/101