December 22, 2023
TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that on December 19, a naming ceremony for the second newbuilding LNG Carrier to serve GAIL (India) Limited (Head Office: New Delhi), the largest natural gas supplier under India's Ministry of Petroleum and Natural Gas, was held at the Okpo Shipyard of Hanwha Ocean Co. (Head Office: South Korea).
A large crowd was on hand at the ceremony as the vessel was named the GAIL URJA by God Mother Ms. Shakun Gupta who is the spouse of Mr. Sandeep Kumar Gupta - GAIL Chairman & Managing Director. Also Mr. Sanjay Kumar – GAIL Director of Marketing graced the occasion.
After delivery, the vessel is heading towards US for its first loading. The vessel will be engaged mainly in LNG transport from North America to India under a time charter contract with GAIL.
In the course of developing business throughout Asia, which MOL has identified as a growth region under the regional strategy, based on its management plan "BLUE ACTION 2035," India is the country where MOL has taken the initiative first and is steadily improving its performance. The company continues to strengthen its presence and business foundation in India, where energy demand is expected to increase. It will also step up its efforts in India to offer high-quality LNG transport services that precisely meet customer needs by leveraging the know-how and network it has accumulated as a global leader in LNG carrier ownership, operation, and ship management.
[Profile of GAIL URJA]
|LOA: 294.9m/Beam: 46.3m
|174,000m3 membrane type
|Ship management company
|Northern Marine Management Limited
Please refer to the following past press releases for information about MOL projects with GAIL:
MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Safety & Value -Provide added value through safe transportation and our social infrastructure business-", "Environment -Conservation for Marine and global environment-", and "Innovation -Innovation for development in marine technology-".