KUMUL

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MOL announces delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding

Mitsui O.S.K. Lines, Ltd. announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) in Shanghai on April 29. A naming ceremony was held at the shipyard on April 8. The KUMUL, which was ordered by MOL subsidiary Gemini LNG Shipping Limited (Gemini), is the last in a series of four new-building LNG carriers ordered by MOL to provide LNG transportation for projects in Papua New Guinea. MOL will operate the KUMUL under a long-term charter contract for the PNG LNG project operated by ExxonMobil. This project is deeply rooted in China at many levels - it marks the first time a Chinese shipyard has built LNG carriers ordered by a non-Chinese shipping company, and it involves LNG transport for Asian LNG buyers including a Chinese energy major, China Petroleum & Chemical Corporation (SINOPEC), as well as the co-ownership of LNG carriers between China's major ship operators, China COSCO Shipping Corporation (CCSC), and a SINOPEC joint venture. Picture at http://www.shipspotting.com/gallery/photo.php?lid=2385732