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January 27, 2009

MOL and Gulf LPG Transport of Qatar start VLGC Pool

TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida) today announced the formation of a very large gas carrier (VLGC) pool called LPG Global Transport, along with *Gulf LPG Transport Company W.L.L. of Qatar (Gulf LPG). The pool will start operation immediately.

MOL and Gulf LPG have jointly incorporated LPG Global Transport Management Inc. to manage the pool's business operations.

Both MOL and Gulf LPG are bullish about the future expansion of global LPG seaborne trade, especially from Qatar. LPG Global Transport will be able to offer enhanced services to LPG charterers and create efficiencies by optimizing voyage costs through efficient deployment of the combined fleet. To serve its worldwide customers in the most flexible, economical, and reliable manner, LPG Global Transport will build and expand its fleet as shown below. Gulf LPG will add one new building in March 2009 and MOL will add seven new buildings to be delivered during the second half of 2009 and the first half of 2010 to LPG Global Transport.

*: Gulf LPG Transport Company W.L.L. is a limited liability joint venture company established by Qatar Gas Transport Company (Nakilat) and Qatar Shipping Company.

VESSEL NAME CAPACITY (to be) built BUILDER OWNER
GOHSHU 71,913 M3 1990 MHI MOL
MUSASHI GLORIA 75,178 M3 1993 KHI MOL
YUHSHO 78,000 M3 1999 MHI MOL
GREAT TRIBUNE 78,432 M3 1999 MHI MOL
CAPTAIN MARKOS NL 82,000 M3 2006 HHI MOL
BU SIDRA 82,200 M3 2008 HHI GULF LPG
UMM LAQHAB 82,200 M3 2008 HHI GULF LPG
AL WUKIR 82,200 M3 2008 HHI GULF LPG
<New Buildings>
LUBARA 82,200 M3 March 2009 HHI GULF LPG
MUSANAH 83,000 M3 October 2009 MHI MOL
AQUAMARINE PROGRESS 83,000 M3 December 2009 MHI MOL
HISUI 80,000 M3 December 2009 KHI MOL
KOBAI 82,000 M3 December 2009 HHI MOL
YAMABUKI 82,000 M3 February 2010 HHI MOL
AYAME 83,000 M3 April 2010 MHI MOL
KIKYO 82,000 M3 April 2010 HHI MOL
  • MHI : Mitsubishi Heavy Industries, Ltd.
  • KHI : Kawasaki Heavy Industries, Ltd.
  • HHI : Hyundai Heavy Industries Co., Ltd

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