MOL Takes Delivery of New Malacca Max VLCC

Mitsui O.S.K. Lines (MOL) has taken delivery of the very large crude carrier (VLCC) Phoenix Jamnagar on April 24.

Delivered from Japan Marine United Corporation, the 311,798 dwt vessel will be placed under control of MOL’s Singapore-based subsidiary Phoenix Tankers.

The JMU designed Malacca Max tanker will primarily be employed for the crude oil transportation to India under a long-term contract between Phoenix and Reliance Industries Limited.

Featuring a length of 339.5 meters and a beam of 60 meters, the Phoenix Jamnagar has a gross tonnage of 160,857 tons.

MOL said it would further enhance its relationship with Reliance. Just last week, MOL joined forces with an unnamed investor to acquire a stake in Reliance Industries’ six very large ethane carriers (VLEC).

Once the transaction is finalized, MOL and Reliance Ethane Holding would jointly control the VLEC-owning companies. MOL is currently the operator of all the six VLECs.