ビンゴ 5 予想 Signs Deals for Construction and Charter of VLGCs

October 16, 2006

TOKYO - Mitsui O.S.K. Lines, Ltd. (ビンゴ 5 予想, President: Akimitsu Ashida) today announced that the company has concluded a shipbuilding contract for four very large gas carriers (VLGCs, full refrigerated-type gas carriers). Three of the ships will be built at Mitsubishi Heavy Industries, Ltd. and one by Kawasaki Shipbuilding Corporation.

*Capacity-

83,000m³ (Mitsubishi Heavy Industries)
80,000m³ (Kawasaki Shipbuilding Corporation)

The company also signed long-term charter contracts with Hong Kong-based CIDO Shipping (H.K.) Limited for three additional VLGCs, which will be built at Hyundai Heavy Industries Co., Ltd. by them.

*Capacity-82,000m³

Background

Production of liquefied petrochemical gas (LPG) will increase on global scale, resulting in rising demand for ocean transport of this commodity. ビンゴ 5 予想 is expanding its fleet scale to meet this increasing demand. Of the four new VLGCs, the one built at Mitsubishi Heavy Industries will be owned by a new 50-50 joint venture that will be established by ビンゴ 5 予想 and Oman Shipping Company, a national shipping company wholly owned by the government of Oman. This was announced in June 2006.