Kawasaki Inks Deal for Two 145,000 m3 LNG Carriers

Oct. 18, 2006

 Tokyo, October 18, 2006 ― Kawasaki Shipbuilding Corporation announced today that it has signed contracts to build two 145,000 m3 LNG carriers for NiMiC No.2 S.A. and NiMiC No.4 S.A., Panama-based joint ventures between Nippon Yusen Kabushiki Kaisha and Mitsui & Co., Ltd. Both carriers will be built at Kawasaki’s Sakaide Shipyard with initial delivery scheduled for the fourth quarter of 2009 followed by the second delivery in the fourth quarter of 2010. The carriers will be chartered by Taiwan’s Chinese Petroleum Corporation. Two sister ships designed by Kawasaki will also be built by Mitsubishi Heavy Industries for this project.

 The LNG Carriers will be equipped with four Moss spherical tanks developed by Kawasaki with a cargo capacity of 145,000 m3.

 Kawasaki Shipbuilding was selected for its superior LNG carrier technology, highly reliable and experienced construction and maintenance capabilities, as well as for its design superiority, which allows for a capacity of 145,000 m3 of LNG on these vessels with a hull size able to enter most major LNG terminals worldwide.