Newbuilding LNG Carrier for Kansai Electric Power Named LNG FUKUROKUJU

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today took part in a naming ceremony for the newbuilding liquefied natural gas (LNG) carrier (*1) LNG FUKUROKUJU, which is co-owned by MOL and Kansai Electric Power Co., Inc. (KEPCO; President and Director: Makoto Yagi; Headquarters: Osaka City, Osaka Prefecture), at Sakaide Works of Kawasaki Heavy Industries, Ltd. (President: Shigeru Murayama).

Among the many guests on hand were KEPCO President and Director Yagi, who named the new vessel, and his wife, who cut the rope. The LNG FUKUROKUJU will serve a broad range of projects including the Australia/Pacific LNG Project (*3) after the delivery.

The vessel adopts a new steam turbine engine that reuses steam for heating, which will also reduce fuel consumption, and an advanced heat insulation system that offers the lowest LNG vaporization rate - 0.08% - of any LNG carrier in the world. Its environment-friendly, economically-advanced design also effectively controls surplus boil-off gas.

To realize the goal of "solid growth through innovative changes" stated in the midterm management plan STEER FOR 2020, the MOL Group uses its decades of experience and know-how as the world's leading LNG carrier owner and management company and works aggressively to provide value-added LNG transport services tailored to the needs of customers, including electric power and gas companies in Japan.

(*1)Please refer to the press release on October 1, 2013:
MOL, Kansai Electric Power Reach Agreement on Joint Ownership of 2 New LNG Carriers

(*2)The LNG FUKUROKUJU is the first vessel, announced in the press release on June 29, 2012:
MOL, Kansai Electric Power Sign Deals to Build, Charter 2 LNG Carriers

(*3)The project promoted by Australia Pacific LNG Limited (APLNG). Its outline is as follows

[ Outline of LNG FUKUROKUJU ]