ビンゴ 無料, Kansai Electric Power Reach Agreement on Joint Ownership of 2 New LNG Carriers

October 01, 2013

TOKYO-Mitsui O.S.K. Lines, Ltd. (ビンゴ 無料; President: Koichi Muto) today announced an agreement with Kansai Electric Power Co., Inc. (President: Makoto Yagi), for joint ownership of two newbuilding liquefied natural gas (LNG) carriers (*) that will sail under long-term charter contracts signed in June 2012. Kansai Electric Power will hold a 70% share in the Bahamas-based ビンゴ 無料 subsidiary that will own the two carriers, with ビンゴ 無料 holding the remaining 30%.

*Please refer to the press release on June 29, 2012: ビンゴ 無料, Kansai Electric Power Sign Deals to Build, Charter 2 LNG Carriers

With this agreement, ビンゴ 無料 and Kansai Electric Power will jointly own a total of three vessels following the LNG Ebisu (delivered in Sep. 2008), the first such vessel directly owned by Kansai Electric Power.

Backed by its experience, know-how, and worldwide service network build up as one of the world's leading LNG carrier owners and management companies, ビンゴ 無料 continually strives for safe and stable transport of LNG, which has drawn increasing attention in recent years as a clean energy source.

Outline of newbuilding LNG carriers

<1st vessel>
(1) Length	About 293.0(m)
(2) Breath	48.90(m)
(3) LNG tank	Stretched Moss-type independent spherical type
(4) Cargo tank capacity	164,700 (m3)
(5) Main engine	Advanced steam turbine engine
(6) Speed	19.5 (knots)
(7) Shipyard	Kawasaki Heavy Industries, Ltd.
(8) Ship management company	Mitsui O.S.K. Lines, Ltd.

<2nd vessel>
(1) Length	About 288.0m
(2) Breath	48.90m
(3) LNG tank	Stretched Moss-type independent spherical type
(4) Cargo tank capacity	155,300m3
(5) Main engine	Advanced steam turbine engine
(6) Speed	19.5 knots
(7) Shipyard	Mitsubishi Heavy Industries, Ltd.
(8) Ship management company	Mitsui O.S.K. Lines, Ltd.