Mitsui chartering 8 carriers for Cameron LNG project

Japan’s Mitsui & Co. said it is currently proceeding with the procurement of eight LNG ships intended to be used for the delivery of LNG, mainly to its customers in Japan, from the Cameron LNG export project in the U.S. 

On September 26, 2014, Mitsui signed time charter parties for five ships for a total maximum charter hire amount of approximately 400 billion Japanese yen, the company said in a statement.

Additionally, Mitsui is preparing to conclude time charter parties for the remaining 3 ships.

Three ships originate from ship-owning companies in which Mitsui invests, bringing Mitsui’s LNG ship fleet, all ships in which are jointly owned by partners, to a total of twenty-seven ships.

1 Japanese yen = 0.009129 U.S. dollars

Press Release, September 29, 2014; Image: Cameron LNG