MOL, Leif Hoegh form joint venture
Japan-based Mitsui O.S.K. Lines and the Leif Hoegh Group of Norway said Thursday they are forming a joint venture to operating Shuttle & Regasification Vessels (SRVs) to serve the Neptune Liquid Natural Gas deepwater terminal in Massachusetts Bay.
The new 50-50 joint venture will deliver natural gas imports to the United States with the LNG vessels. MOL said two firm orders and one optional order have been placed for vessels with Samsung Heavy Industries of Korea. The vessels will be delivered in the fourth quarter of 2009.