Mitsui O.S.K. Lines, Ltd. (hereinafter “MOL”: President & CEO: Junichiro Ikeda) today announced,  the delivery of a Very Large Crude Carrier (hereinafter “VLCC”), “Phoenix Jamnagar” (hereinafter “the vessel”) on April 24,  which was built at Japan Marine United Corporation (hereinafter “JMU”: President & CEO: Kotaro Chiba) Ariake works and will be placed under control of Phoenix Tankers Pte. Ltd. (hereinafter “Phoenix”: Managing Director: Tetsuro Ishiura) based in Singapore, a 100% subsidiary of MOL.

The vessel was designed and developed by JMU as a next-generation Malacca Max Type VLCC (hereinafter “Malacca Max”) with utilizing its accumulated knowledge and technology as gained through numerous Malacca Max deliveries experiences. The vessel will primarily be employed for the crude oil transportation to India under a long-term contract between Phoenix and Reliance Industries Limited (hereinafter “Reliance”) (*1).
MOL, one of the world’s biggest VLCC operators with unsurpassed know-how achieved through long time presence in the tanker industry, will further enhance its relationship with Reliance and will be committed to contribute to the rapidly growing India’s crude oil imports by providing safe and high-quality crude oil ocean transport service.