Wednesday, 27/08/2025, 09:03 (GMT +7)
733
COSCO Shipping Inks CNY 2.58 Billion LNG Carrier Deal with Japan's MOL
COSCO SHIPPING LNG tanker (Photo: Baird Maritime / Phaata)
A subsidiary of COSCO Shipping Development has officially entered into a significant sale-and-leaseback financing agreement for a 271,000 m3 capacity liquefied natural gas (LNG) carrier with a wholly-owned subsidiary of the leading Japanese maritime group, Mitsui O.S.K. Lines (MOL).
The agreement was signed yesterday, August 26, by Oriental Fleet, a wholly-owned subsidiary of COSCO Shipping Development. Under the terms, Oriental Fleet will acquire the LNG carrier from the MOL subsidiary for approximately CNY 2.58 billion (equivalent to USD 356 million). The vessel is expected to be delivered around July 2029.
Immediately upon delivery, the vessel will be leased back to the same MOL subsidiary under a 240-month (twenty-year) bareboat charter contract. The total estimated charter fees Oriental Fleet will receive over the lease term are approximately CNY 3.18 billion. At the conclusion of the charter, the MOL subsidiary is obligated to repurchase the vessel for a nominal price of USD 1.
A representative for COSCO Shipping Development stated that this sale-and-leaseback agreement is part of the company's core ship leasing business, helping to expand the scale and improve the quality of its vessel assets. This transaction is expected to contribute to generating a stable, long-term income and cash flow, while also strengthening the company's overall financial health and supporting its sustainable development strategy.
See more:
- Maersk Steps Up Investment in Cold Chain and Technology
- The U.S. Tariff Storm: Global Air Cargo Industry Reels
- SITC updates Vietnam-Intra Asia sailing schedules in Sep 2025
- International Shipping and Logistics Market Update - Week 34/2025 | Phaata
- U.S. and EU Announce New Trade Framework, Reshaping Transatlantic Economic Relations
- Port of Los Angeles Gains West Coast Market Share in Q2 2025 Amid Market Downturn
- Port of Ashdod Enters World's Top 10 Most Reliable Ports for the First Time
- COSCO schedules: Vietnam - North America in Aug 2025
- SITC updates Vietnam-Intra Asia sailing schedules in Aug 2025
Source: Phaata.com (According to BairdMaritime)
► Find Better Freight Rates & Logistics Service Providers!
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
See more
_(3).webp)
.webp)
HOT PROMO
See more
779
FCL
3 Days
Freight cost
Công ty TNHH Giao nhận vận chuyển Quốc tế Trường Hải - THILOGI
Premium
1655
FCL
10 Days
Freight cost
CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ GREEN DRAGON VIỆT NAM
2111
FCL
50 Days
Freight cost
Compass Logistics
Premium
3460
FCL
23 Days
Freight cost
CÔNG TY TNHH TIẾP VẬN TOÀN CẦU KM
6939
FCL
3 Days
Freight cost
.webp)
GAMA INTERNATIONAL CORPORATION
Why do thousands of businesses trust Phaata?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find a price quickly/Send a RFQ
Compare multiple options
Contact for Further Consultation
Negotiating prices/services
Management & rating
Freight rates
Sea freight
- FCL
See more
315
10
Days Transit
- ₫661,575 / 20'GP
- ₫3,043,245 / 40'GP
- ₫3,043,245 / 40'HQ
- ₫3,837,135 / 45'HQ
MELODY LOGISTICS COMPANY LIMITED
752
13
Days Direct
- ₫44,987,100 / 40'RF
CÔNG TY TRÁCH NHIỆM HỮU HẠN DT LOGISTICS (VN)
811
820
12
Days Transit
- ₫6,615,750 / 20'GP
- ₫13,231,500 / 40'GP
- ₫13,231,500 / 40'HQ
Công ty TNHH MTV Viconship Ho chi minh
688
40
Days Transit
- ₫225,851,500 / 40'GP
- ₫225,851,500 / 40'HQ
CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ FASTRANS
Sea freight
- LCL
See more
597
4
Days Direct
- ₫26,463 /cbm
CÔNG TY TNHH IEC EXPRESS (VIỆT NAM)- CHI NHÁNH HÀ NỘI
929
5
Days Direct
- ₫26,463 /cbm
CHI NHÁNH TẠI THÀNH PHỐ HỒ CHÍ MINH - CÔNG TY CỔ PHẦN MG LOGISTICS
1,752
8
Days Direct
- Refund ₫2,362,500 /cbm
CÔNG TY CỔ PHẦN TIẾP VẬN INTERCARGO
2,420
4
Days Direct
- ₫26,463 /cbm
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI MỸ Á (ASL LOGISTICS)
3,432
Air freight
- General cargo
See more
294
10
Days Transit
- 264,630 ₫/kg
Phoenix Logistics Vietnam - chi nhánh TP. Hồ Chí Minh (Phoenix International Forwarding Vietnam )
772
1
Days Direct
- 185,241 ₫/kg
CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ FASTRANS
1,928
5
Days Transit
- 224,936 ₫/kg
CÔNG TY TRÁCH NHIỆM HỮU HẠN DT LOGISTICS (VN)
4,476
4,572
8
Days Transit
- 224,936 ₫/kg
CÔNG TY TNHH SEA GLOBAL VIỆT NAM
Rail freight
- FCL
See more
82
5
Days Direct
- ₫26,463,000 / 40'HQ
- ₫26,463,000 / 45'HQ
CÔNG TY TNHH PHƯỚC TÁ
109
3
Days Direct
- ₫6,324,657 / 40'HQ
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
9,594
7
Days Direct
- ₫48,956,550 / 20'GP
Công ty TNHH T&M Forwarding
9,072
5
Days Direct
- ₫7,145,010 / 20'GP
ASIAN EXPRESS LINE VIETNAM ( AEL VIET NAM )
7,949
10
Days Direct
- ₫9,262,050 / 20'GP
CÔNG TY CỔ PHẦN LOGISTICS QUỐC TẾ V&T
Road freight
- FCL
See more
41,908
1
Day
- ₫6,868,686 / 20'OT
- ₫6,868,686 / 40'OT
- ₫6,868,686 / 40'OT HQ
CÔNG TY TNHH VẬN TẢI BẢO KHANG
98,518
2
Day
- ₫6,500,000 / 40'RF
- ₫6,500,000 / 40'RQ
- ₫6,500,000 / 45'RQ
CÔNG TY CP PROSHIP
Premium
168,987
1
Day
- ₫18,997,200 / 20'GP
- ₫18,997,200 / 40'GP
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI CON ONG
261,410
3
Day
- ₫32,000,000 / 20'GP
- ₫64,000,000 / 40'GP
- ₫64,000,000 / 40'HQ
- ₫64,000,000 / 45'HQ
Công ty Cổ phần phát triển thương mại Thuận Đạt Việt Nam
282,445
