Itochu, Mitsui and Oman to form joint ownership
According to reports, second largest shipping company of Japan Mitsui OSK Lines (MOL), Japanese trading company Itochu Corp. and Oman Shipping Company recently signed an agreement for joint ownership and operation of Oryx LNG Carrier S.A. which is a liquefied natural gas (LNG) vessel operator. As per the agreement signed early last week, Itochu and MOL will be holding 20% each and Oman Shipping 60% of the company. The capacity of the LNG vessel is reportedly 145'000 m3.