Agreement in Principle Reached for Release of Ever Given
ISMAILIA, June 23 (Reuters) – The owners and insurers of a giant cargo ship that blocked the Suez Canal in March have reached agreement in principle in a compensation dispute...
Mitsui & Co. announced today plans to charter eight LNG carriers to deliver liquefied natural gas from the Cameron LNG Export Terminal to its customers in Japan. The company notes that on 26 September, five charter parties were signed worth a total of USD $3.6 billion. An additional three charter parties are expected to be completed soon.
The charters are expected to commence in 2017 and last for a maximum of 25 years.
The news follows a 10 September decision by the U.S. Department of Energy to allow the shipment of LNG to countries that do not have a Free Trade Agreement (FTA) with the United States, such as Japan.
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