An arm of China’s Cosco Shipping Energy Transportation (CSET) has agreed to take a 50% stake in three LNG carrier newbuildings contracted by Mitsui OSK Lines last year for a Russian export project.
In an exchange filing, CSET said its Cosco Shipping LNG Investment (Shanghai) subsidiary, known as CSLNG, will join up with MOL on the ice-breaking trio.
This will take place through under three special purpose companies — Arctic Gold LNG Shipping, Arctic Silver LNG Shipping and Arctic Bronze LNG Shipping.
