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MOL AND COSCO SIGN MOU ON GAS CARRIER COOPERATION

Wednesday, August 7, 2019 

Mitsui OSK Lines (MOL) and COSCO Shipping Energy Transportation (CSET), a subsidiary of China COSCO Shipping Corporation have signed a Memorandum of Understanding (MOU) which recognises and further develops the joint cooperation between the two organisations, for future LNG carrier projects and Ethane carrier projects.

Over more than 10 years, MOL and CSET have established a strong and extensive partnership, through which MOL and CSET jointly participate in various ongoing projects, namely the ExxonMobil DES Project, Australia Pacific LNG Project and Yamal LNG Project.

At the same time, MOL and CSET are aiming to develop and deepen the partnership through the joint participation for the new opportunities of upcoming LNG and Ethane carrier projects.

MOL says that, based on the solidified relationship through this MOU and accumulated history of cooperation over the decade, MOL and CSET, as mutual strategic partners, will continue to lead and contribute to the development of the LNG and Ethane transportation industry.

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