MOL Subsidiary welcomes VLCC ‘Phoenix Jamnagar’ to The Fleet

MOL Subsidiary welcomes VLCC 'Phoenix Jamnagar' to The Fleet 1

Mitsui O.S.K. Lines, Ltd.(MOL) announced, the delivery of a Very Large Crude Carrier (VLCC), “Phoenix Jamnagar” (the vessel) which was built at Japan Marine United Corporation (JMU) Ariake works and will be placed under control of Phoenix Tankers Pte. Ltd. based in Singapore, a 100% subsidiary of MOL.

The vessel was designed and developed by JMU as a next-generation Malacca Max Type VLCC with utilizing its accumulated knowledge and technology as gained through numerous Malacca Max delivers experiences. The vessel will primarily be employed for the crude oil transportation to India under a long term contract between Phoenix and Reliance Industries Limited(hereinafter “Reliance”).

MOL, one of the world’s biggest VLCC operators with unsurpassed know- how achieved through a longtime presence in the tanker industry, will further enhance its relationship with Reliance and will be committed to contributing to the rapidly growing India’s crude oil imports by providing safe and high-quality crude oil ocean transport service.

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