MOL and Teekay set to ink $2.8bn Yamal ships

Two shipowners are due to ink LNG carrier newbuilding orders worth just shy of $3bn for Russia’s Yamal LNG project in South Korea on Tuesday.

Teekay is expected to sign up for six 170,000-cbm Arc7 vessels and Mitsui OSK Lines (MOL), working in partnership with China Shipping LNG, will book three. The ships, which are part of a massive 16-strong order costing just over $5bn, are said to be priced at around $316m apiece, giving a combined value of $2.8bn.

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