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Marubeni, Total Detail LNG Carrier Expansion Agreement

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Marubeni, Total Detail LNG Carrier Expansion Agreement

Marubeni Corporation in collaboration with SK Shipping Co. Ltd. has concluded long-term charter contracts of LNG carriers for a UK subsidiary of the French Oil Major, Total S.A.

With a loading capacity of 180,000 m3, the ships will be the largest LNG carriers which are enabled to pass the Panama Canal after the planned expansion in 2015.

Marubeni and SK Shipping, by collectively establishing Joint Ship Owning Companies, have signed shipbuilding contracts with (Korea) Samsung Heavy Industries Co., Ltd., charter contracts with Total, and loan agreements with several financial institutions. The ships are scheduled for delivery by January, 2017 and October, 2017 respectively; afterwards, they will be hired for 30 years at maximum by Total under the ownership and management by the J/V…

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