MOL and China Cosco Shipping to be co-owners of four LNG tankers

MOL has announced that China COSCO Shipping will participate in the subsidiary of its property that will own four LNG tankers providing services to the Russia Yamal LNG project.

Total ownership will be divided equally between MOL and China COSCO Shipping.

It should be noted that MOL has already signed long-term charter contracts for the four ships through its subsidiary.

This is the fourth joint LNG project involving MOL and China COSCO Shipping, which gives […]

MOL confirms trust in Panamanian labor

The Japanese shipping company Mitsui O.S.K. Lines (MOL) and the Panama International Maritime University (UMIP) renewed a memorandum of understanding that will allow Panamanian cadets to embark on one of the company´s ships for their sea time.

This is required under regulations set by the International Maritime Organization.

The agreement was signed at the Simulation and Applied Technologies Center of the UMIP (Building 911), and gives each cadet the opportunity to work on board a […]