Top > News Releases > MOL, "K" LINE and PRISCO Conclude Long-Term Charter Contract for Newly-Built 147,000m3 Type LNG Carrier to Serve Sakhalin Energy Company

November 15, 2004
Kawasaki Kisen Kaisha, Ltd.

MOL, "K" LINE and PRISCO Conclude Long-Term Charter Contract for Newly-Built 147,000m3 Type LNG Carrier to Serve Sakhalin Energy Company

Mitsui O.S.K. Lines, Ltd.("MOL"), Kawasaki Kisen Kaisha, Ltd. ("K" LINE), and Primorsk Shipping Corporation (PRISCO; Headquarters: Nakhodka, Russia) concluded a 20-year charter contract for a newly built LNG carrier with Sakhalin Energy Investment Company Ltd.(Sakhalin Energy; Joint venture of Shell with a 55% share, Mitsui & Co., Ltd. 25%, and Mitsubishi Corporation 20%) in London on November 15, 2004.

At the same time, MOL, "K" LINE, and PRISCO concluded an agreement to build a new LNG carrier. The LNG carrier, planned to complete construction in April 2008, will be launched for the Sakhalin II project (the first LNG plant in Russia, with expected annual LNG production volume at 9.6 million tons after completion). During winter ice floes may drift down to Prigorodnoye Port, the planned loading port, so the LNG carrier will adopt the specifications of ice bound sea and cold regions that allow normal navigation of ice floes up to 55cm thick.

MOL and "K" LINE offer LNG carrier operation know-how in training Russian seafarers. On the other hand, PRISCO offers know-how to MOL and "K" LINE of navigation through ice bound seas. MOL and "K" LINE are aggressively working on to this project in order to contribute to the development of the LNG business in Sakhalin, Russia, through the safe operation of this LNG carrier.

MOL will take responsibility for the management of the LNG carrier.

Ref.) New LNG Carrier Specifications

Shipbuilding Company Mitsui Engineering & Shipbuilding Co., Ltd. (Chiba Works)
Delivery April 2008
LNG Tank Capacity 147,000m3
Tank System Moss type
Length/Breadth 289.5m/49.0m
Full Load Draft in Summer 11.3m
Gross Tonnage 123,000 tons
Speed 19.5 knots
Others Specifications for ice bound seas, cold regions

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