ABS and MOL sign next gen VLECs MoU

ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers. The agreement covers seven newbuild Very Large Ethane Carriers (VLEC) and up to seven newbuild LNG carriers designed to carry gas from the US to China and other global markets.