Delivery of the Shuttle and Regasification Vessel "GDF SUEZ CAPE ANN"

June 03, 2010

Tokyo - The second shuttle and regasification vessel (SRV) co-owned by Höegh LNG (President: Sveinung Støhle) and Mitsui O.S.K. Lines, Ltd. (MOL, headquarters: Tokyo; President: Akimitsu Ashida) was completed at Samsung Heavy Industries in South Korea and delivered to the GDF Suez group on June 1, 2010. It will serve on a long-term charter contract between the parties.

GDF SUEZ CAPE ANN is the second of two SRVs that were constructed to provide LNG transportation services to the Neptune LNG Deep Water Port off the coast of Gloucester, Massachusetts, USA, which was commissioned in early 2010, as well as to other GDF SUEZ projects around the world.

The vessel, along with its sister vessel GDF SUEZ NEPTUNE, which was delivered in November 2009, is a part of Mitsui O.S.K. Line's strategy of satisfying the diversified needs of the market by providing a broad range of LNG transportation services.