News
Sign a long term Charter Pact for LNG Carrier to Serve Suez LNG Trading
Sign a long term Charter Pact for LNG Carrier
to Serve Suez LNG Trading
TOKYO – A consortium comprising Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida), Sumitomo Corporation (Sumitomo, President and CEO: Motoyuki Oka), and LNG Japan Corporation (LNG Japan*1, President and CEO: Ken-ichi Yonezawa) today announced the signing of an agreement with Suez LNG Trading S.A.*2 for a long-term charter of a new liquefied natural gas (LNG) carrier. The deal was signed in London on November 21.
On the same day, the consortium concluded a bare-boat charter agreement of the new LNG carrier with a subsidiary of the Imabari Shipbuilding Co., Ltd., builder of the vessel.
In August, Suez LNG Trading S.A. signed a contract with Yemen LNG*3 to purchase an annual 2.5 million tons of LNG for 20 years, beginning in 2009. The new LNG carrier will transport that cargo from Yemen mainly to North America, under the ship management of Mitsui O.S.K. Bulk Shipping (Europe) Ltd.*4.
Outline of the charter contract
| Owner | Trinity LNG Carrier Inc. (Headquarters: Marshall Islands) established jointly by MOL, Sumitomo, and LNG Japan |
|---|---|
| Charterer | Suez LNG Trading S.A. (Headquarters: Luxemburg) |
| Charter Period | 20 years starting in May 2009 |
| Trade | Primary U.S. from Yemen (Bal Haf port) |
| Vessel | One new membrane-type LNG carrier (154,200 m3) |
| Shipbuilder | Imabari Shipbuilding Co., Ltd. |
| Ship management company | Mitsui O.S.K. Bulk Shipping (Europe) Ltd. |
- *1 Joint venture company of Sumitomo Corporation and Sojitz Corporation
- *2 Suez LNG Trading S.A. is a subsidiary for LNG business of SUEZ Group, the conglomerate enterprise that develops a broad range of businesses in energy, water, and engineering businesses, mainly in Europe.
- *3 Yemen LNG is a joint liquefaction project lead by the government of Yemen and Total
- *4 Mitsui O.S.K. Bulk Shipping (Europe) Ltd. is MOL’s wholly owned subsidiary, managing eight LNG carriers which are placed in the Mediterranean and Atlantic trade, out of the 39 LNG carriers (including on order) managed by MOL Group companies.
For more information, please contact:
Manager
LNG Carrier Group (A), LNG Carrier Division
Mitsui O.S.K. Lines, Ltd.
Tel: 81-3-3587-7549 / Fax: 81-3-3587-7737
Email: LGAMO@mail.mol.co.jp
Shinya Bessho
Manager
Ship Sales Sect., No.4 and LNG Projects
Ship & Marine Project Dept.
Sumitomo Corporation
Tel： 03-5166-4799 Fax： 03-5166-6293
Email:shinya.bessho@sumitomocorp.co.jp
Katsuharu Tsuda
Manager
LNG Global Trade & Logistics
LNG Japan Corporation
Tel： 03-6229-3454 Fax：03-3586-1094
Email:tsuda@lngjapan.com
