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Japan's Mitsui OSK Lines beefs up ship fleet with Reliance Industries deal


Reuters


April 17 (Reuters) - Japanese shipping group Mitsui OSK Lines Ltd will add six very large ethane carriers (VLECs) to its fleet through an investment deal with Reliance Industries Ltd , the Indian conglomerate said on Wednesday.

Mitsui OSK, which has a fleet of over 850 vessels, and a minority investor signed an agreement to buy stakes in six special purpose companies of Reliance Industries which own a VLEC each, Reliance Industries said in a (graphic).

Given Mitsui OSK is currently the operator of all the six VLECs, the investment will ensure continued safe and efficient operations of these carriers, Reliance Industries said.






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