Mitsui pens two new charters for LNG newbuilds

Mitsui & Co. informed that it has entered into charter contracts for two 177,000 cbm LNG carriers with Mitsui O.S.K. Lines and NYK for a period of 25 years.

Mitsui 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.A.

With the five ships with time charter parties signed in September, 2014, Mitsui’s two new charter deals bring the total maximum charter hire amount up to approximately 600 billion Japanese yen for the combined seven ships. Additionally, Mitsui is preparing to conclude the time charter party for the remaining ship, the company said in a statement.

The two newly chartered vessels will be built by Mitsubishi Heavy Industries and are scheduled for completion and delivery in 2018 and 2019.

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Image: Cameron LNG

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