Japan’s Mitsui OSK Lines Ltd (MOL) will supervise the construction of six new very large ethane carriers (VLECs) at Samsung Heavy Industries and subsequently manage these vessels on a long term contract with India’s Reliance Industries, according to a press statement yesterday.
The ships are targeted to transport liquefied ethane from North America to India and are expected to be delivered in Q4 2016.
According to report, Reliance operates the world’s biggest refinery complex in western India and has previously announced plans in August to import 1.5 million tonnes a year of ethane from the United States as feedstock for its crackers.
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