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Höegh and Mol in suez deal

Höegh and Mol in suez deal
HÖEGH LNG and Mitsui OSK Lines have fixed long term time charter parties for two shuttle and regasification vessels with SUEZ LNG Trading.

HÖEGH LNG and Mitsui OSK Lines have fixed long term time charter parties for two shuttle and regasification vessels with SUEZ LNG Trading. These vessels are specifically designed to service an offshore natural gas import terminal to be built in Massachusetts Bay offshore from the city of Boston on the US East Coast. The vessels will be delivered in 2009 and 2010.

The SUEZ owned Neptune LNG LLC received the final license issued by MARAD for the construction of the terminal on 23 March 23.

“When we ordered the two LNG re-gasification vessels one year ago we said it represented a step into the future for ourselves, our customers and the yard. Now the future is here,” says Sveinung Støhle, CEO of Höegh LNG. “With this commitment to SUEZ our strategy to expand into floating LNG terminal services is confirmed. This is an important milestone for the continued development of Höegh LNG into a world class leader in providing innovative floating LNG services to our customers, and we have several similar projects underway that will come to market in the near future.”

T Hoj, deputy Chairman at MOL, said, “The execution of time-charters of two SRVs for the Neptune Project has just opened a new page for MOL’s LNG transportation business. My appreciation goes to SUEZ and all other parties who have worked hard to make this happen.

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