MOL enters into charter contract with ENN for three LNG carriers

Japan’s Mitsui OSK Lines (MOL) has penned a long-term charter contract for three newbuilding liquefied natural gas (LNG) carriers with Singapore-based ENN LNG, a subsidiary of China’s ENN Natural Gas.

The ships will be built at CSSC-affiliated Hudong-Zhonghua Shipbuilding and delivered by 2028 for LNG trades in China, where ENN supplies 10% of natural gas and operates an LNG terminal in Zhoushan, Zhejiang Province.

Before the ENN deal, MOL had booked ten 174,000 cu m units at Hudong-Zhonghua this year for delivery between 2024 and 2026. Six vessels will go on a charter with CNOOC Gas & Power Group, a subsidiary of China National Offshore Oil Corporation (CNOOC), while the remaining four will serve Qatar’s state-owned LNG projects.