ITOCHU Announces Completion of Newbuilt LNG Carrier "LNG ROSENROT" for German Energy Company Uniper

January 26, 2021

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter “ITOCHU”) announced that LNG ROSENROT (hereinafter the "Ship"), a newbuilt LNG carrier with a cargo tank capacity of 180,000㎥ , ordered by a joint venture between ITOCHU and Mitsui O.S.K. Lines, Ltd. (headquartered in Minato-ku, Tokyo; Ikeda Junichiro, President & CEO; hereinafter "MOL"), was completed at the Okpo shipyard of Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) in South Korea on January 25, and entered into an LNG transportation service contract with Uniper Global Commodities SE (Headquarters: Düsseldorf, Germany; hereinafter "UGC"), which is 100% owned by one of the largest European gas and electricity companies, Uniper SE (Headquarters: Düsseldorf, Germany).

The Ship is a sister vessel of LNG Schneeweisschen that was completed on 31st July 2018 and it is the second LNG carrier to be serving under an LNG transportation service contract with UGC. Like the first carrier, the Ship is equipped with the slow-speed two-stroke engine (X-DF) made by Winterthur Gas & Diesel, which can run on both natural gas and heavy fuel oil, improving main engines efficiency and fuel efficiency and making LNG transport more eco-friendly.

The Ship will be managed by MOL and will transport LNG from shale gas liquefaction plants in the North America to Europe and other parts of the world. ITOCHU will continue actively participating in projects for the transport of LNG, which is a clean energy, aiming for a stable supply of energy in the long term, while at the same time developing ships fueled by ammonia*1 for the transition to a decarbonized society.

Outline of MOL

Corporate name Mitsui O.S.K. Lines, Ltd.
Headquarters 2-1-1 Toranomon, Minato-ku, Tokyo
Established 1884
Revenue (FY2019) 1,155,404 million yen
Number of employees 1,078

Outline of the LNG carrier “LNG ROSENROT"