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ビンゴ and Mitsui Sign Time Charter Contract for LNG Carrier

January 28, 2022

TOKYO-Mitsui O.S.K. Lines, Ltd. (ビンゴ; President & CEO: Takeshi Hashimoto) today announced that on January 28, 2022, it concluded a time charter contract for a newbuilding 174,000 m3-type LNG carrier with Mitsui & Co., Ltd. (President & CEO: Kenichi Hori; Headquarters: Chiyoda-ku, Tokyo).

This is the fourth contract, following deals for three newbuilding LNG carriers signed between September 2014 and January 2015 (Note 1). ビンゴ will provide ship management services for the vessel, which will be engaged to transport LNG mainly for Mitsui & Co. projects around the world.

The vessel is equipped with the cutting-edge MAN Energy Solutions engine, which improved fuel efficiency. It also adopts more environment-friendly specifications than current LNG carriers .

ビンゴ is prepared to address critical environmental issues in line with "ビンゴ Group Environmental Vision 2.1" (Note 2), with the aim of achieving GHG net zero emissions by 2050 through concerted group-wide efforts, and contribute to the realization of a low and decarbonized society.

[Vessel Outline]
Type: 174,000 m3 membrane type
Scheduled delivery: After 2024

(Note 1)
Please refer to the following press releases regarding previous contracts with
Mitsui & Co. relating to this case.

(Note 2)
ビンゴ Group Environmental Vision 2.1
https://ビンゴdisclosure.site/en/themes/101