Mitsui O.S.K. Lines Ltd (“MOL”) and Reliance Ethane Holding Pte. Ltd. (“REHPL”) a 100% subsidiary of Reliance Industries Ltd(“RIL”) and based in Singapore agreed to co-owning of Six (6)Very Large Ethane Carriers (VLECs) which are currently fully owned by REHPL.
Image Credit: mol.co.jp
The six VLECs were delivered in 2016-2017 and have been engaged for transportation of Liquefied Ethane from Houston (US Gulf coast) to Reliance facilities at Dahej in West coast of India. MOL has been involved right...