MOL And COSCO Shipping Signs MoU For Future LNGC & Ethane Carrier Projects
On 6 August 2019, a Memorandum of Understanding (“MOU”) has been signed between Mitsui O.S.K. Lines, Ltd. (MOL) and COSCO SHIPPING Energy Transportation Co., Ltd. (CSET), which is a subsidiary of China COSCO Shipping Corporation Limited.
For future LNG carrier projects and Ethane carrier projects, the MOU recognizes and further develops the joint cooperation between the two organizations.
MOL and CSET have established a strong and extensive partnership for more than 10 years, in which MOL and CSET jointly participate in various ongoing projects, namely the ExxonMobil DES Project*1, Australia Pacific LNG Project*2 and Yamal LNG Project*3.
MOL and CSET have an aim to develop and deepen the partnership at the same time through the joint participation for the new opportunities of upcoming LNG and Ethane carrier projects.
MOL and CSET, as a mutual strategic partner to each other, continue to lead and contribute to the development of LNG and Ethane transportation industry based on the solidified relationship through this MOU and accumulated a history of cooperation over the decade.