MOL to weigh geopolitics in LNG carrier orders
South Korean yards are also being considered for new orders.
Mitsui O.S.K. Lines, Ltd. (MOL) said it will be cautious in selecting shipyards for new LNG carrier orders amidst the current geopolitical events such as US’s additional port fees versus Chinese-built vessels.
In response to reports suggesting it intends to suspend new LNG carrier orders to Chinese shipyards, MOL said that it “will exercise prudent judgment in selecting shipyards” for any new orders.
“There is only a limited number of shipyards in the world capable of building the high-quality LNG carriers to provide a stable LNG transportation, and Chinese shipyards are important partner to ensure diversification and flexibility in procurement sources,” MOL said.
The company also emphasised its mission to support stable energy supplies in Japan and the rest of the world as an LNG transportation operator.
“MOL will continue to carefully assess the use of Chinese shipyards that meet its quality and safety standards, alongside South Korean shipyards, whilst taking a comprehensive view of future US policy trends and geopolitical risks, to fulfill the global demand for LNG transportation,” the company said.
