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QatarEnergy Forms Partnership with MOL and COSCO Shipping for LNG Vessel Ownership and Operation
Dec 16, 2024•over 1 year ago
Contract Type
partnership
Description
QatarEnergy has selected the joint venture of Japan’s Mitsui OSK Lines Ltd. (MOL) and China’s COSCO Shipping LNG Investment (Shanghai) (CSLNG) to own and operate six QC-Max size LNG vessels as part of its historic ship building program. The long-term Time Charter Party (TCP) agreements were awarded to the shipowners during a special ceremony at QatarEnergy’s headquarters in Doha.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months