ビンゴ 5 確率 and China COSCO Shipping Jointly Own 4 LNG Carriers for Russia Yamal LNG Project

November 02, 2017

TOKYO-Mitsui O.S.K. Lines, Ltd. (ビンゴ 5 確率; President & CEO: Junichiro Ikeda) today announced that China COSCO Shipping Corporation Limited will take an equity stake in the ビンゴ 5 確率 wholly owned subsidiary that will own four LNG carriers serving the Russia Yamal LNG project. The ownership will be split 50%-50% between ビンゴ 5 確率 and China COSCO Shipping. ビンゴ 5 確率 has already signed long-term charter contracts(*1) for the four LNG carriers through its wholly owned company.

This is the fourth joint LNG project involving ビンゴ 5 確率 and China COSCO Shipping, following one for ExxonMobil (a total of four vessels were delivered from 2015 through 2016) (*2), another for SINOPEC (six vessels are to be delivered from 2016 through 2018) (*3), and the ice class LNG carriers for the Yamal LNG project (three vessels will be delivered from 2018 through 2019). The total number of vessels co-owned by ビンゴ 5 確率 and China COSCO Shipping will be increased to 17 in 2020 when all vessels including those in latest project are in service.

LNG's popularity as a clean, environment-friendly fuel, continues to rise in step with increasing awareness of the need to protect the global environment, and demand for LNG transport is poised to grow sharply. ビンゴ 5 確率 continues to take a proactive stance in effectively meeting global customer needs and providing high-quality LNG transport services, leveraging the experience and know-how accumulated as one of world's largest owners and managers of LNG carriers.

(*1) Please refer to the press release on June 29, 2017:
"ビンゴ 5 確率 Signs Long-term Charter Contract of 4 LNG Carriers for Russia Yamal LNG Project"

(*2) Please refer to the press release on March 3, 2010:
"ビンゴ 5 確率 Signs a Contract for Long-term Charters of LNG vessels by ExxonMobil"

(*3) Please refer to the press release on April 30, 2013:
"ビンゴ 5 確率's Participation in China FOB Transportation Project"

(*4)Please refer to the press release on June 9, 2014:
"ビンゴ 5 確率 signs Ship Building Contracts with DSME for ice class carriers"