Naming Ceremony for Newbuilding LNG Carrier Marvel Swallow for Mitsui & Co. Held
- Engaged in Mitsui's Global LNG Trading Business -

October 25, 2024

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that on October 25, it held a naming ceremony for a newbuilding LNG carrier, which will serve Mitsui & Co., Ltd. (President: Kenichi Hori; Head Office: Chiyoda-ku, Tokyo), at the Geoje Shipyard of Hanwha Ocean Co., Ltd. in South Korea.

Mitsui & Co. Representative Director and Senior Managing Executive Officer Toru Matsui and many others were on hand for the ceremony, where the vessel was christened the Marvel Swallow^{(Note 1)}. After delivery on October 28, the vessel will undergo gassing-up / cool-down operation in Japan and then proceed to its first loading port in the U.S. The Marvel Swallow will sail under a time charter contract with Mitsui & Co.

MOL and Mitsui & Co. signed a charter contract for the Marvel Swallow, the fourth in a series of vessels, in 2022. Contracts were signed for the three previous newbuilding vessels in 2014 and 2015.

The vessel is equipped with the latest MAN Energy Solutions engines, which offer improved fuel efficiency and are more environmentally friendly than those installed on current LNG carriers.

MOL is committed to further deepening and developing its relationship with Mitsui & Co., and will continue to proactively work to offer safe and high-quality services as a leading company in LNG transport, while addressing environmental issues in line with the "MOL Group Environmental Vision 2.2."

[Marvel Swallow Main Specifications]

LOA/Breadth	294.9m/46.4m
Tank Type	174,000m3 membrane type
Engine	ME-GA
Shipyard	Hanwha Ocean Co., Ltd.
Ship Management Company	MOL LNG Ship Management Pte. Ltd. (Wholly owned subsidiary of MOL)

(Note 1) "Marvel" is commonly used by Mitsui & Co. for its fleet engaged in the LNG trading business, and Swallow is derived from the name of the MOL-operated Northwest Swallow, engaged in the North West Shelf LNG project in which Mitsui & Co. is involved, and symbolizes the long-term relationship between Mitsui & Co. and MOL.

(Note 2) Please refer to the January 28, 2022, press release: MOL and Mitsui Sign Time Charter Contract for LNG Carrier.

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MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Safety & Value -Provide added value through safe transportation and our social infrastructure business-", "Environment -Conservation for Marine and global environment-" and "Innovation -Innovation for development in marine technology-."