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June 02, 2017

LNG Carrier CESI Beihai Delivered for SINOPEC LNG Project
- 3rd in Series of 6 Newbuilding LNG Carriers to Serve Project -


CESI Beihai

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that the LNG carrier CESI Beihai-ordered by a joint venture of MOL, China COSCO Shipping Corporation Limited (China COSCO Shipping), and China Petroleum & Chemical Corporation (SINOPEC)-was delivered at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) in Shanghai on June 1.

The CESI Beihai is the third vessel to serve the China FOB Transportation Project" (*1) announced in April 2013, and will sail under a long-term charter to transport LNG that SINOPEC purchases from the Australia Pacific LNG project.

A total of six LNG carriers are being built at Hudong for the project. The first vessel, the CESI Gladstone, was delivered in October, 2016, and the second, the CESI Qingdao, in January of this year. (*2) The remaining three will be delivered in succession by 2018.

MOL strives to meet expanding and diversified transport needs associated with growing worldwide demand for LNG by leveraging the experience accumulated in international joint projects, while providing value-added transport services to customers around the world.

(*1) Please refer to the press release "MOL's Participation in China FOB Transportation Project" on April 30, 2013.

(*2) Please refer to the press release "LNG Carrier CESI Gladstone Delivered for SINOPEC LNG Project" on November 1, 2016; the press release "LNG Carrier CESI Qingdao Delivered for SINOPEC LNG Project" on January 10, 2017.

[ Outline of CESI BEIHAI ]

Length : 290.0m
Breadth : 45.60m
Draft : 11.70m
LNG Tank : Membrane type
Cargo Tank Capacity : 174,100m3
Maine Engine : Dual Fuel Diesel Electric
Speed : 19.5 knots
Shipyard : Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.
Ship Management Company : China Energy Ship Management Co., Limited
MOL 20%、
China Energy Shipping Investment Co., Limited(*3) (CESI)80%
Ownership : MOL 20%, CESI 80%

(*3) JV of China COSCO Shipping: 51%/SINOPEC: 49%

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