LNG Carrier CESI Qingdao Delivered for SINOPEC LNG Project
- 2nd in series of 6 Newbuilding LNG Carriers to Serve Project -

January 10, 2017

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that the LNG carrier CESI Qingdao - 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) on January 6.

The CESI Qingdao is the second 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 6 LNG carriers will be built at Hudong for the project. The first vessel, the CESI Gladstone, was delivered at the end of October, 2016. (*2) The remaining four 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.

[ Outline of CESI Qingdao ]

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