Mitsubishi to Build Ships to Carry Liquefied U.S. Shale Gas

Japanese shipyard Mitsubishi Heavy Industries, Ltd. (MHI) and their joint venture partner Imabari Shipbuilding received an order today from Mitsui & Co., Ltd for two next-generation liquefied natural gas (LNG) carriers which the company says will be slated to eventually carry LNG from the Cameron LNG export terminal in Louisiana. Mitsui and Mitsubishi, along with Sempra … [Read more...]

Samsung Heavy and MOL to Build Half-Dozen Liquefied Ethane Carriers

Japan's Mitsui OSK Lines Ltd (MOL) will supervise the construction of six new very large ethane carriers (VLECs) at Samsung Heavy Industries and subsequently manage these vessels on a long term contract with India's Reliance Industries, according to a press statement today. The ships are targeted to transport liquefied ethane from North America to India and are expected to … [Read more...]

Mitsui Signs Over $3.6 Billion in LNG Carrier Charter Parties

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 … [Read more...]

Petrobras, Mitsui To Study LNG Import Terminal In Brazil’s South

RIO DE JANEIRO, April 16 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study building a liquefied natural gas (LNG) terminal in the country's southernmost state, Rio Grande do Sul, to supply more fuel for local manufacturers and power generators. Petrobras, as the company is known, announced the plan in a … [Read more...]

Asian Oil Grab Drives Tanker Rates to 3 1/2-Year High

Nov. 27 (Bloomberg) -- Record Asian oil demand is spurring the region’s refineries to charter the most supertankers in a year, driving shipping rates to the highest level since 2010. Traders hired enough carriers in the spot market from owners including Frontline Ltd. and Mitsui O.S.K. Lines Ltd. to load 35.9 million metric tons in the four weeks ended Nov. 24, … [Read more...]