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April 19, 2016

MOL Starts LNG Carrier Ship Management in Hong Kong
- Meeting Increase in LNG Transport for Asia -

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that its newly established LNG carrier management company, MOL LNG Transport (Asia) Ltd. (MOLLNG (Asia)), has begun ship management operations with its first vessel, effective yesterday, April 18.

MOLLNG (Asia) was established in Hong Kong in September 2015. As MOL becomes involved in the operation of a growing number of LNG carriers, it intends to play a central role in ship management, particularly in the Asia-Pacific region, to meet an anticipated increase in LNG shipments bound for Asia.

Currently, MOL is involved in the operation of about 70 LNG carriers, and aims to further expansion its fleet. It continues to take a proactive stance in providing safe, reliable LNG transport services for customers and in Japan and overseas, by utilizing the experience, know-how, and networks developed as the world's leading LNG carrier owner and ship management company.


MOLLNG (Asia) employees with President & CEO Ikeda (fifth from the right in the front row)
and Managing Director of MOLLNG (Asia) Kaname Tanaka (sixth from the right in the front row)

[Outline of New Company]
Name : MOL LNG Transport (Asia) Ltd.
Abbreviation : MOLLNG (Asia)
Established : September 15, 2015
Paid-in Capital : US$2 million (wholly owned by MOL)
Headquarters : Hong Kong
Business : Ship management of LNG carriers

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