TSE:9104Shipping
The Bull Case For Mitsui O.S.K. Lines (TSE:9104) Could Change Following Entry Into Ethane Shipping Joint Ventures
Earlier this month, Oil and Natural Gas Corporation Limited's board approved the creation of two 50:50 joint venture companies with Mitsui O.S.K. Lines to enter the ethane transportation sector utilizing Very Large Ethane Carriers, with a cumulative investment of up to US$49.20 million pending government approval.
This move signals Mitsui O.S.K. Lines' push into specialized energy logistics and increased integration along the value chain as global demand for cleaner fuels grows.
We'll now...