Mitsui & Co., Ltd. ("Mitsui", head office: Chiyoda-ku, Tokyo, president: Tatsuo Yasunaga) has been proceeding with the procurement of eight LNG ships intended to be used for the delivery, mainly to Japanese customers, of LNG from the Cameron LNG Export Project in the U.S.A. In addition to the five ships with time charter parties signed on September 26, 2014 and the two charter parties signed on January 29, 2015 (please refer to our TSE filing, "Conclusion of Time Charter Parties for LNG ships for Cameron LNG Export Project in the U.S.A.," dated January 29, 2015), Mitsui has newly contracted yesterday the eighth ship, as shown below, bringing the total maximum charter hire amount for the combined eight ships to approximately 700 billion Japanese yen.
||Trinity LNG Transport S.A.*
||Newly built 178,000m3 Membrane type LNG ship
||Imabari Shipbuilding Co., Ltd.
||Maximum 25 years
|Commencement of charter
* Trinity LNG Transport S.A. is a foreign joint venture company between Imabari Shipbuilding Co., Ltd., Kawasaki Kisen Kaisha, Ltd. and Mitsui.
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
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