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MOL Wins Newbuilding Project from AMPCO

02-24-2014 04:23 PM CET | Logistics & Transport

Press release from: MOL

/ PR Agency: Image Line Communications Ltd.
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that company has received a newbuilding charter contract for two methanol carriers from Atlantic Methanol Production Company LLC (AMPCO; President: Paul Moschell) based on an offer tendered in 2013. The vessels will be built at Minaminippon Shipbuilding Co., Ltd. (President: Kotaro Ikebe) and engaged in methanol transport for AMPCO.
The ships will operate under a long-term charter and the new contract will play a vital role in MOL’s strategy of strengthening long-term business.

AMPCO, based in Equatorial Guinea, is a leading methanol producer, and the new vessels are expected to serve on trades from Equatorial Guinea to various ports in Europe and the United States. Backed by expanding global demand for methanol, MOL will continue expanding its services to meet the needs of a wide variety of customers by leveraging its accumulated experience and know-how as one of the world's largest methanol carriers.

About AMPCO
Atlantic Methanol Production Company LLC (AMPCO) operates one of the largest and lowest-cost methanol plants in the world. AMPCO is located in Equatorial Guinea, West Africa, and has been producing chemical-grade methanol from natural gas produced off of Bioko Island since 2001.

For more information, please contact:
Akira Sasa, General Manager
Tanker Project Group, Tanker Division
Mitsui O.S.K. Lines, Ltd.
Tel: +81-3-3587-7089  Fax: +81-3-3587-7758
E-mail: prjmo@molgroup.com

MOL is one of the world's largest multi-modal transport companies, operating 900 vessels and employing a workforce in excess of 9,200 worldwide. MOL operates one of the largest and most diverse networks of liner and logistics services around the globe, including weekly Transpacific, Transatlantic, Americas and Asia-Europe services. Please visit the company's websites at www.MOLpower.com .

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