ABS, MOL in Landmark Gas Carrier Pact

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 new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U.S. to China and other global markets.

ABS will provide plan review, survey, inspection and other classification services for vessels, machinery and equipment as well as assist with managing the requirements for foreign flag carriers calling at U.S. terminals.

ABS has extensive experience with the full scope of gas-related assets and has been the classification organization of choice for some of the most advanced gas carriers in service.

ABS provides global gas industry leadership, offering guidance in liquefied natural gas (LNG) floating structures and systems, gas fuel systems and equipment, gas carriers, and regulatory and statutory requirements. ABS also offers specification reviews, risk and hazard assessments, bunkering suitability reviews, project management for new construction and feasibility studies.