Japan’s Mitsui O.S.K. Lines (MOL) and COSCO Shipping Energy Transportation, a China COSCO Shipping Corporation unit, signed a memorandum of understanding to cooperate on LNG and ethane carrier projects.
Over more than 10 years, MOL and CSET have established a partnership, through which MOL and CSET jointly participate in various ongoing projects.
These include the ExxonMobil DES project, Australia Pacific LNG project and Yamal LNG project, the two companies said in a statement.
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.