Japan's Mitsui OSK Lines (MOL) is buying a 49% holding in two huge new LNG floating storage units (FSUs) that will be used for transshipments in the Russian Arctic.
The world's largest such barges are owned by Russian state-owned State Transport Leasing Co (GTLK).
MOL had previously been linked to an order for the barges but, in June 2020, South Korea's Daewoo Shipbuilding & Marine Engineering said “Russian shipowners” had signed newbuilding contracts for the FSUs worth a total of KRW 901bn ($748m).
