MOL Names New 147,000m³-Type LNG Carrier Energy Navigator

June 10, 2008

TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today held a naming ceremony for a new liquefied natural gas (LNG) carrier called the Energy Navigator at the Kawasaki Shipbuilding Co., Ltd. Sakaide Shipyard. Tokyo Gas Co., Ltd. President Mitsunori Torihara named the new vessel.

MOL and Tokyo LNG Tanker Co., Ltd. (wholly owned by Tokyo Gas) co-own the Energy Navigator, with MOL holding a 30% share and Tokyo LNG Tanker 70%. After its completion at the end of June, the vessel will transport LNG from Malaysia, Australia, and Sakhalin to supply Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., and Shizuoka Gas Co., Ltd.

[Vessel Profile]

Length:

289.5m

Width:

49m

Draft:

11.6m

Deadweight tonnage:

73,640 tons

LNG tank capacity:

147,000m³

Tank:

Moss type (4 tanks)

Flag:

Japan

Speed:

19.5 knots

Shipyard:

Kawasaki Shipbuilding Corporation, Sakaide Shipyard

Completion:

Late June, 2008

MOL's LNG Strategy

MOL, as a leader in worldwide ocean shipping, has moved aggressively to maintain its leadership in LNG transport. MOL's LNG fleet now totals 62 vessels, and will be expanded to about 80 by the end of 2010.