MOL, Reliance sign liquefied ethane shipping deal

TOKYO-Mitsui O.S.K. Lines and Reliance entered into a strategic association for transportation of liquefied ethane from United States to India.

This will make MOL the first shipping company who is dedicated for a continuous liquefied ethane transportation by Very Large Ethane Carriers (VLEC).

The transportation of ethane will be carried out by six VLEC’s from North America to India. The VLEC’s are being specifically built by Samsung Heavy Industries and expected to be delivered in the last quarter of 2016 and will enter into service thereafter.

MOL will supervise the construction of six VLEC’s initially at the yard and thereafter operate and manage the vessels during the charter period for Reliance.

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Press Release; Image: Wärtsilä