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  • MOL to Navigate Northern Sea Route

  • On February 26, 2018, Mitsui O.S.K. Lines, Ltd. (MOL) signed a Memorandum of Understanding with the Far East Investment and Export Agency under the Ministry of the Russian Federation for the Development of the Far East to cooperate with each other in the development of the Northern Sea Route and the Russian Far East.

    MOL takes part in the Yamal LNG Project, the company’s first ice-breaking LNG carrier for the project is to go into service at the end of March, following ice-breaking sea trials in Arctic waters.

    MOL has also been proceeding with a feasibility study aimed at establishing an LNG transshipment terminal and marketing complex in the Kamchatka area with Novatek, the main shareholder of the Yamal LNG project.

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